SJVN Green Energy Secures Rs 1,400 Cr Wind Energy Project
SJVN Green Energy, a subsidiary of SJVN Ltd, has successfully acquired a Rs 1,400 crore wind power project, which is a big accomplishment for the renewable energy sector. The Solar Energy Corporation of India held a competitive bidding procedure to choose the project, which has a 200 MW capacity.
SJVN Green Energy will be in charge of managing the development of this wind energy project at any place in India under the engineering procurement construction (EPC) contract. The project’s development and construction are expected to cost over Rs 1,400 crore.
In the tariff-based competitive bidding procedure organised by the Solar Energy Corporation of India for the Phase-XIV of the inter-state transmission system (ISTS) linked wind power projects in India, SJVN Green Energy was declared the single winner. Following a successful e-RA (reverse auction) held on June 12, 2023, the business acquired the whole stated capacity of 200 MW at a price of Rs 3.24 per unit.
The project is expected to produce over 578.16 million units (MUs) of clean energy annually, making a major contribution to the nation’s green energy targets. The total energy production is anticipated to reach an amazing 14,454 MUs over the course of 25 years.
The wind energy project is anticipated to be put into operation 24 months after the Power Sell Agreement (PSA) is signed, as per the agreed-upon schedule specified in the request for solution (RFS). This quick turnaround time illustrates SJVN Green Energy’s dedication to on-time project completion.
This initiative will benefit the environment as well as encourage the production of green energy. According to estimates, it will reduce carbon emissions by around 708,246 tonnes, in line with the government’s goal of reducing emissions and reducing climate change.
SJVN Green Energy is further solidifying its place in the renewable energy industry with this noteworthy accomplishment. The business’s winning proposal for the wind power project demonstrates its know-how and dedication to promoting sustainable energy options in India.
SJVN, formerly known as Satluj Jal Vidyut Nigam, is an Indian public sector enterprise engaged in the generation and transmission of hydroelectric electricity. It is a Mini Ratna, Category-I, and Schedule-A CPSE under administrative authority of the Ministry of electricity, Government of India.
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