Satluj Jal Vidyut Nigam (SJVN) Ltd., a joint venture of the Government of India (GOI) and the Government of Himachal Pradesh (GOHP), has bagged 200 MW grid connected solar PV power project worth Rs 1,000 crore in Bihar.
Bid Details of SJVN 200 MW Solar Project in Bihar
SJVN Ltd. won the solar power project through open competitive tariff bidding process for quoted capacity of 200 MW with bid of Rs. 3.11/unit on Build, Own and Operate (BOO) basis during auction held on August 13, 2021.
The bid was invited by Bihar Renewable Energy Development Agency (BREDA).
Project Details of 200 MW Solar Power Plant in Bihar
Land for the 200 MW Solar Project in Bihar is to be procured by SJVN, with right to lease not being less than 28 years. The land area should not be less than 250 Acres as a single connected patch and not more than 1250 Acres in 5 land patches.
(The land required for 200 MW solar plant is around 1000 Acres.)
SJVN stated that tentative cost of construction and development of this project would be Rs 1,000 crore.
The project is expected to generate 420.48 MU (million units) in 1st year of operations. Estimated cumulative energy generation of the project over a period of 25 years would be about 10,512 MU. A Power Purchase Agreement (PPA) shall be signed between BREDA and SJVN for 25 years.
Other Renewable Energy Projects by SJVN Ltd.
SJVN has a total installed capacity of 2,016.5 MW which includes two hydro power plants of 1,912 MW, two solar plants of 6.9 MW combined and 2 wind plants with combined capacity of 97.6 MW.
Earlier this year, SJVN Ltd. bagged two solar projects totalling 145 MW in the state of Gujarat and Uttar Pradesh. With this recent allotment of 200 MW Bihar project, SJVN now has 345 MW of solar projects under execution.
SJVN has set March 2022 as target date for commissioning of all these projects. The company aims to reach a capacity of 5,000 MW renewable energy by 2023, 12,000 MW by 2030, and 25,000 MW company by 2040.