Satluj Jal Vidyut Nigam (SJVN) has won a tender to develop a 100 MW of wind energy generation facility from Solar Energy Corporation of India (SECI) on Build-Own-Operate (BOO) basis. The estimated cost of this project has been pegged at Rs. 700 crore.
This project falls under SECI’s scheme for developing ‘1,200 MW Inter-State Transmission System connected Wind Projects in India (Phase – XIII)’. SJVN won the auction with a quoted tariff of Rs. 2.90 per unit of power to be generated. This project can be developed anywhere in India by the company’s subsidiary, SJVN Green Energy Ltd. (SGEL). In its first year of operation, this project is expected to generate 262 Million Units (MU) of power, and further, about 6,574 MU of wind power during its 25-year lifetime.
Once the Letter of Intent (LoI) for this project is issued, a Power Sale Agreement (PSA) will be signed between SJVN and SECI. Post signing the PSA, the project is to be developed within a span of 24 months.