SJVN Green Energy Ltd (SGEL), the renewable arm of SJVN, has received the Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Ltd (GUVNL) to develop a 200 MW solar project on a build-own-operate basis in Gujarat. The project is to be developed at Gujarat State Electricity Corp. Ltd (GSECL) Solar Park at Khavda.
SJVN Green Energy had bagged the 200 MW solar project at a tariff of INr 2.66 ($0.032) per kWh in an auction by GUVNL. The project construction and development is estimated at around INR 1,100 crore. GUVNL will execute the power purchase agreement after the adoption of tariff by GERC.
The project is set for commissioning within 18 months from the date of signing of the PPA.
The project is expected to generate 508.40 million units in the first year after commissioning and about 11,698.16 million units over a period of 25 years.
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