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SJVN Green Energy Wins 1,100 Cr. Solar Project in Khavda

SJVN Green Energy Ltd. (SGEL), a subsidiary of Satluj Jal Vidyut Nigam (SJVN), has won a 200 MW solar project in an auction conducted by Gujarat Urja Vikas Nigam Ltd. (GUVNL). SJVN Green Energy will be developing this solar power project at Gujarat State Electricity Corporation Ltd.’s 1,125 MW solar park at Khavda at an estimated cost of Rs. 1,100 crore.

SGEL will develop this solar project on Build Own and Operate (BOO) basis. The company has secured this project by quoting a tariff rate of Rs. 2.66 per unit. SJVN Green Energy and GUVNL will sign a 25 year Power Purchase Agreement (PPA) for this project.

SGEL’s project is expected to be commissioned within a period of 18 months from the date of signing PPA.