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

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

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