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SJVN unit to develop 200 MW solar project
The construction of the project costs around $132.7m.
SJVN Green Energy Limited won the tariff-based competitive bidding for a 200 megawatts (MW) solar project which will be part of the Khavda Solar Park.
In a disclosure, SJVN said it won the bid conducted by the Gujarat Urja Vikas Nigam Limited (GUVNL) at a tariff of $0.032 (INR2.66) per unit.
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The project, which development costs around $132.7m (INR11b), is expected to generate 504 million units of electricity in the first year, and a total of 11,732 million units in 25 years.
GUVNL and the SJVN subsidiary will sign a 25-year power purchase agreement for the project.
$1 = INR82.89
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