SJVN has signed a Power Purchase Agreement (PPA) for 200 MW Grid Connected Wind Power Project with Solar Energy Corporation of India Limited (“SECI”).
SJVN Green Energy Limited (“SGEL”), a wholly owned subsidiary of the Company, had participated in the Tariff based competitive Bidding process conducted by SECI for Selection of Wind Power Developers for setting up 1,200 MW grid connected Wind Power Projects anywhere in India. SGEL bagged 200 MW at a tariff of ₹3.24 per unit on Build Own and Operate (BOO) basis in Open Competitive Tariff bidding process.
The 200 MW Wind Project will be developed by SGEL anywhere in India through EPC contract. With the allotment of this project, the wind portfolio of the Company now stands at 497.6 MW.
The tentative cost for development of this project is ₹1,400 Crores. The project is expected to generate 482 million units in the first year after commissioning and the projected cumulative energy generation over a period of 25 years is 12,050 million units. The Project will be commissioned by November 2025 i.e., within 24 Months from effective date of PPA signing.