SJVN announced today it has secured power purchase agreements (PPAs) for 300 MW of renewable energy projects. Its arm SJVN Green Energy signed a PPA with Maharashtra State Electricity Distribution Co. Ltd (MSEDCL), Mumbai, for 200 MW of solar projects and another with Solar Energy Corp. of India Ltd (SECI), Delhi, for 100 MW of wind plant.
SJVN Green Energy will develop the 200 MW ground-mounted solar project in Maharashtra at a cost of around INR 1,200 crore ($146.3 million). It bagged the project at a tariff of INR 2.90/kWh through competitive bidding in an e-reverse auction organized by MSEDCL. The project is due for commissioning in December 2024. When operational, it is expected to generate 456 million units (MUs) in the first year and about 10,481 MUs over 25 years.
The development cost of the 100 MW wind power project is around INR 750 crore. SJVN Green Energy won it at INR 2.90/kWh on a build-own-operate basis through an e-reverse auction. The project is set for commissioning in March 2025. Once operational, it is expected to generate 289.27 MUs in the first year and about 7,231.75 MUs over a period of 25 years.
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