State-owned hydropower producer SJVN today announced it had received a Letter of Intent to develop 75 MW of grid-connected solar power project in the Indian state of Uttar Pradesh. The project shall be located at village Parasan in Kalpi tehsil of the Jalaun District
The hydropower producer won the project by quoting an INR 2.68/kWh ((US$0.037/kWh)) tariff in an auction by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA).
UPNEDA will procure the power generated from the project for 25 years.
SJVN’s latest solar addition follows the award for a 70 MW grid-connected PV project in the State of Gujarat. The Gujarat project will supply electricity to the Gujarat Urja Vikas Nigam Limited at an INR 2.21/kWh (US$0.030/kWh) tariff for 25 years.
These projects will assist SJVN in achieving its ambitious shared vision of electricity generation of 5 GW by 2023, 12 GW by 2030, and 25 GW by 2040 and simultaneously contribute towards the RE capacity addition target of 175 GW by 2022 set by the Government of India.
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