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SJVN, a leading power company, has announced that it has received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for a 100 MW grid-connected wind power project in Gujarat. The project was secured by SJVN Green Energy Limited, a wholly-owned subsidiary of SJVN, through an Open Competitive Tariff bidding process in May 2023, with a tariff of Rs. 3.17 per unit.
Nand Lal Sharma, Chairman & Managing Director of SJVN, revealed that the estimated cost for construction and development of the project is Rs. 800 Crores. The wind power project will be built, owned, and operated by SJVN on a Build Own and Operate (BOO) basis through an engineering, procurement, and construction (EPC) contract. The Power Purchase Agreement (PPA) between GUVNL and SJVN is expected to be signed soon.
Upon commissioning, the project is projected to generate approximately 281 million units of energy in its first year, contributing to a cumulative energy generation of 7,025 million units over a 25-year period. Additionally, the project is expected to reduce carbon emissions by 344,255 tonnes.
SJVN currently has an installed capacity of 2,091.5 MW, including two wind power stations totaling 97.6 MW. The company is also developing two additional 100 MW wind projects. With its ambitious goal to achieve 5,000 MW of installed capacity by 2023-24, 25,000 MW by 2030, and 50,000 MW by 2040, SJVN aligns its vision with the Government of India’s commitment to generate 50% of the country’s energy from non-fossil fuel sources by 2030.