SJVN unit, Punjab power firm ink PPAs for 1,200 MW solar projects

The project will be developed within 18 months.

SJVN Green Energy Limited signed two power purchase agreements (PPA) with Punjab State Power Corporation Limited for the development of 1,200 megawatts (MW) of solar projects.

In a disclosure, SJVN said the first PPA will be for 200 MW of solar projects to be developed in Punjab, whilst the second PPA will be for the remaining 1,000 MW of solar projects that will be built anywhere in India.

The projects, with a total investment of around (INR70b), could generate 2,997 million units of electricity in the first year and around 69,661 million units for a period of 25 years.

SJVN added that the projects will be developed within 18 months on a build, own and operate basis.

$1 = INR83.28