SHIMLA - SJVN, under its subsidiary SJVN Green Energy Limited (SGEL), has successfully secured a 200 MW grid-connected wind power project.
The project was obtained through a competitive tariff bidding process conducted by the Solar Energy Corporation of India Limited (SECI).
Nand Lal Sharma, Chairman & Managing Director of SJVN, revealed that SGEL participated in the bidding process for wind power developers to set up 1200 MW grid-connected projects across India.
SGEL won the bid for a 200 MW project at a tariff rate of Rs. 3.24 per unit, following the open competitive tariff bidding process.
Sharma further explained that SGEL will develop the 200 MW wind project anywhere in India through an Engineering, Procurement, and Construction (EPC) contract.
With the addition of this project, SJVN's wind portfolio now totals 497.6 MW. Currently, two projects with a combined capacity of 97.6 MW are operational, while three projects with a combined capacity of 400 MW are in various stages of development.
The estimated cost for developing this project is Rs. 1400 crores. It is expected to generate 578 million units of electricity in the first year after commissioning, with a projected cumulative energy generation of 14454 million units over a span of 25 years.
The project is set to be commissioned within 24 months from the signing of the Power Sale Agreement (PSA) and is anticipated to reduce carbon emissions by 708,246 tonnes.
SJVN now boasts a project portfolio of 49,065 MW, consisting of 78 projects at different stages of development. The company is steadfast in its commitment to achieving its vision of reaching 5,000 MW by 2023-24, 25,000 MW by 2030, and 50,000 MW by 2040.