India’s SJVN secures 100 MW of PV for $0.031/kWh

SJVN has actually protected a 100 MW solar energy task from Gujarat Urja Vikas Nigam Ltd. (GUVNL). It will establish the job on a build-own-operate basis in the Indian state of Gujarat.

January 29, 2024 Uma Gupta

From pv publication India

SJVN, an Indian government-owned power generation business, has actually won a 100 MW solar job in the Indian state of Gujarat through a reverse auction held by GUVNL. The business protected the job by pricing quote a winning tariff of INR 2.54 ($0.031)/ kWh.

SJVN will establish the task on a build-own-operate basis through its wholly-owned subsidiary SJVN Green Energy Ltd (SGEL). The job expense is approximated at INR 550 crore.

SGEL will carry out the job in a solar park being established by Gujarat Industrial Power Corp. in Khavda, Gujarat, through an engineering, procurement, and building and construction agreement. GUVNL will purchase the power under a 25-year power purchase arrangement.

“The task is anticipated to create about 252 million systems in its very first year of commissioning and the cumulative energy generation over a duration of 25 years would have to do with 5,866 million systems,” stated SJVN. “The commissioning of this solar task is prepared for to minimize 2,87,463 lots of carbon emissions.”

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