SJVN Secures 200 MW Wind Power Project at Rs 3.24 per Unit in Landmark Deal with SECI


Reading Time: 1 minutes

In a significant stride towards bolstering its renewable energy endeavors, state-owned power producer SJVN Ltd has sealed a pivotal pact with the Solar Energy Corporation of India (SECI) to supply 200 MW of wind power. The chairman and managing director of SJVN, Nand Lal Sharma, announced the successful signing of a power purchase agreement (PPA) for a 200 MW grid-connected wind power project with SECI. This project will be spearheaded by SJVN Green Energy Ltd (SGEL), the company’s wholly-owned subsidiary, which secured the bid through a competitive tariff bidding process conducted by SECI.

SGEL clinched the 200 MW project at a tariff of Rs 3.24 per unit on a build-own and operate (BOO) basis during the open competitive bidding process. Under the PPA terms, SGEL will oversee the development of the 200 MW wind project anywhere in India through an Engineering, Procurement, and Construction (EPC) contract. This achievement propels SJVN’s wind energy portfolio to an impressive 497.6 MW, with operational projects totaling 97.6 MW and three additional projects, amounting to 400 MW, in various stages of development.

ALSO READ  NTPC Invites Bids for 1000 MW Wind Power Supply in India

The estimated cost for this venture is approximately Rs 1,400 crore, with a targeted commissioning date set for November 2025. This strategic addition aligns with SJVN’s commitment to bolster its presence in the renewable energy sector, supporting the Indian government’s goal of achieving 50% installed capacity from non-fossil fuel sources by 2030. Furthermore, it complements SJVN’s ambitious targets of reaching 12,000 MW by 2026 and contributing to the shared vision of 50,000 MW installed capacity by 2040.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.