SJVN signs agreements for 600 MW of solar power supply from Rajasthan projects

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SJVN Green Energy Ltd (SGEL) has entered into 25-year power usage agreement and power purchase agreement with Rajasthan Urja Vikas and IT Services Ltd (RUVITL) for the supply of cumulative 600 MW solar power.

The power usage agreement was signed for the supply of 500 MW of power from the 1 GW Bikaner solar project being developed by SGEL under the second phase of the CPSU Scheme. This project is the country’s largest single-location project being developed at Village Banderwala, Bikaner, Rajasthan. SGEL will supply power from this project at a tariff of INR 2.57 ($0.031)/kWh.

The 1 GW solar project is expected to generate 2,454.84 million units in the first year and about 56,474 million units over a period of 25 years. The project is being developed at a cost of INR 5,491 crore and is set for commissioning by September 30, 2024.

With the signing of this PUA, SGEL has secured a tie-up of the entire 1 GW for this project. The other two beneficiaries of this project are UPPCL (200 MW) and JKPCL (300 MW).

The power purchase agreement was signed for the supply of 100 MW solar power at a tariff of INR 2.62/kWh from the project bagged by SGEL through competitive bidding. The Letter of Award for the project was issued by RUVITL on Oct. 6, 2023.

This project will be developed over 387.56 acres of land of Sambhar Salts Ltd at Nawa, Rajasthan, leased in SGEL’s favor for 28 years. SGEL will develop the project on a build-own-operate (BOO) basis at a cost of around INR 550 crore. The project is expected to generate 252 million units in the first year and about 5,866 million units over a period of 25 years.

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