SJVN Limited has been awarded letter of intents (LOIs) from Jammu and Kashmir Power Corporation Limited (JKPCL) and Rajasthan Urja Vikas Nigam Limited (RUVNL) for solar power procurement from 1,000 MW Bikaner solar project. The project is located in Rajasthan. As a part of the LOIs, JKPCL intends to purchase power from 600 MW solar project. While, RUVNL plans to purchase power from 500 MW project. The SECI will supply power at a tariff of Rs 2.57 per unit. The project is expected to be commissioned by June 2024.
SJVN Green Energy Limited will sign the power purchase agreements soon to formally allocate the solar energy generated by this project. SJVN Limited bagged the engineering, procurement, and construction order from Tata Solar Power Systems Limited to develop the project at a cost of Rs 54.91 billion.
The Bikaner Solar Project is expected to produce 2,455 million units of electricity during its initial year of operation and an estimated total of roughly 56,838 million units over a 25-year period. Furthermore, it is projected to make a significant positive contribution to the environment by reducing carbon emissions by 2,785,077 tonnes.
In September 2023, SJVN Limited issued request for proposals for developers to set up inter-state transmission system connected 1,500 MW wind-solar hybrid projects in India.
In August 2023, SJVN Green Energy Limited bagged an order to set up three solar power plants with cumulative capacity of 320 MW. The projects have been awarded by Assam Power Distribution Corporation Limited.