SJVN Limited, a Mini Ratna under administrative control of Ministry of Power, Govt. of India has bagged 100 MW Grid connected Solar PV Power Project from Punjab State Power Corporation Ltd (PSPCL).
SJVN bagged the project through tariff based competitive bidding process on Build Own and Operate (BOO) basis through e-reverse auction at a tariff of Rs 2.69 per unit. The tentative cost of construction of this project is ₹ 545 crore.
Punjab State Power Corporation and SJVN shall be signing the Power Purchase Agreement (PPA) for 25 years.