SJVN Signs Power Purchase Agreement for 200 MW Wind Project with SECI

SJVN Signs Power Purchase Agreement for 200 MW Wind Project with SECI

SHIMLA: 16.11.2023

SJVN Green Energy Limited (SGEL), a wholly-owned subsidiary of SJVN, has signed a Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI) for the development of a 200 MW grid-connected wind power project. The project was secured through a tariff-based competitive bidding process conducted by SECI for the selection of wind power developers for setting up 1200 MW grid-connected wind power projects anywhere in India.

Key Highlights of the Project

• Project Capacity: 200 MW
• Project Tariff: Rs. 3.24 per unit
• Project Development Mode: Build Own and Operate (BOO)
• Project Cost: Rs. 1400 Crores
• Project Timeline: Commissioning by November 2025
• Project Benefits:
  • Generation of 482 million units in the first year after commissioning
  • Projected cumulative energy generation over 25 years: 12050 million units
  • Strengthening of SJVN’s footprint in the renewable energy sector
  • Contribution to India’s target of 50% installed capacity from non-fossil fuel sources by 2030
  • Alignment with SJVN’s mission of achieving 12000 MW installed capacity by 2026 and its shared vision of 50,000 MW installed capacity by 2040