SJVN and Solarworld Energy partner up to develop 75 MW of solar capacity in Uttar Pradesh

SJVN, a joint venture of the state government of Himachal Pradesh and the central government, has signed a contract with Solarworld Energy Solutions for the development of a 75 MW (AC) solar power project at Parasan Solar Park in Uttar Pradesh on an engineering, procurement, and construction (EPC) basis with subsequent operations and maintenance for three years.

The project’s EPC cost is estimated to be Rs. 3.14 billion (Rs 418 million per MW). Solarworld Energy Solutions must, preferably, deliver it by August 2022, the anticipated commercial operating date. In May 2021, SJVN won this project in a competitive bidding process organised by the Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) at a tariff of 2.68 per unit for a 25-year period. With a capacity utilisation factor (CUF) of 25.06 per cent, the project is expected to generate 168.343 MU of energy every year. Parasan Solar Park is in the Tehsil Kalpi, District Jalaun, Uttar Pradesh, near Kanpur.

Earlier this month, Punjab State Power Corporation Limited (PSPCL) 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 was signed between PSPCL and SJVN. The project, with an estimated cost of Rs 5.45 billion, is expected to generate 245.28 MU in the first year. The total energy generation over the project life of 25 years is expected to be around 5643.52 MU.

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