News

Power Utility

Staff Reporter

, India

Published:

6 months ago

Photo from SJVN

SJVN to strike deal with Uttarakhand for 200 MW solar power

It involves the purchase of generation from the 1000 MW Bikaner Solar Project.

SJVN has received an arrangement with Uttarakhand Power Corporation Limited (UPCL) for the purchase of 200 MW power from its 1000 MW Bikaner Solar Project.

Located in the Rajasthan state, the project is being managed by SGEL, a subsidiary of SJVN, under the Central Public Sector Undertaking (CPSU) scheme at a tariff of $0.031 per unit. The accumulated energy will be used by local Uttarakhand agencies or distribution companies (DISCOM).

The proposed power purchase agreement will support achieving solar RPO targets and reducing power shortages.

ALSO READ: Avaada Energy acquires 1,400 MWp solar project in India

The 1000 MW Bikaner Solar Project is scheduled for operations by June 2024 through a $659m investment, projected to produce 56,838 million units over 25 years.

SJVN has set its goals for 12,000 MW transmission by 2026 and a vision of 50,000 MW of installed capacity by 2040. This enables the company to grow its renewable energy portfolio and align it India’s energy transition goals.

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