Punjab State Power Corporation Limited (PSPCL) has awarded SJVN a 100 MW grid-connected solar project. The said project was allocated through a tariff based competitive bidding process, on build own and operate basis, at a tariff of Rs 2.69 per unit. Further, a 25 year PPA has been signed between PSPCL and SJVN. The project, with an estimated cost of Rs 5.45 billion, is expected to generate 245.28 million units in the first year. The total energy generation over the project life of 25 years is expected to be around 5643.52 MU.
In August 2021, SJVN Limited won a 200 MW grid-connected solar photovoltaic project worth Rs 10 billion in Bihar following an open competitive tariff bidding auction organised by the Bihar Renewable Energy Development Agency (BREDA). During the e-reverse auction, SJVN submitted a bid of Rs 3.11 per kWh for the 200 MW of projects to be developed on a build, own, and operate basis. The capacity of 200 MW was awarded out of a total capacity of 250 MW which was tendered.
Further, in June 2021, SJVN Limited signed a memorandum of understanding (MoU) with National Institute of Wind energy (NIWE) for the development of solar and wind energy projects. As per the memorandum, the institute will provide ‘technical consultancy services’ for development of solar, wind, wind-solar hybrid as well as wind and solar projects with a battery storage component for SJVN. NIWE will support SJVN to assess the feasibility and techno-commercial aspects of the projects and preparation of detailed project reports, estimates and bid documents covering all relevant aspects from the concept to the commissioning of these projects.