India, June 5 -- SJVN has received the Letter of Intent (LoI) from Gujarat Urja Vikas Nigam (GUVNL) for 100 MW Grid Connected Wind Power Project in Gujarat. SJVN Green Energy (a wholly owned subsidiary of SJVN) has bagged the 100 MW Wind Project at a tariff of Rs 3.17 per unit in an Open Competitive Tariff bidding process in May 2023.
The tentative cost for construction and development of this project will be Rs 800 crore. The project will be developed on Build Own and Operate (BOO) basis in Gujarat through an EPC contract. The Power Purchase Agreement (PPA) shall be signed between GUVNL and SJVN shortly.
The project is expected to generate 281 million units in first year after commissioning and the projected cumulative energy generation over a period of 25 years is 7025 million units. The commissioning of this project is expected to reduce 344255 tonnes of carbon emission.
SJVN's principal business activity is electricity generation. The company is also engaged in the business of providing consultancy. Published by HT Digital Content Services with permission from Accord Fintech. For any query with respect to this article or any other content requirement, please contact Editor at contentservices@htlive.com
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