Checking Out Time: 1 mins
In a substantial stride in the direction of reinforcing its renewable resource ventures, state-owned power manufacturer SJVN Ltd has actually secured a critical deal with the Solar power Firm of India (SECI) to provide 200 MW of wind power. The chairman and handling supervisor of SJVN, Nand Lal Sharma, revealed the effective finalizing of a power acquisition arrangement (PPA) for a 200 MW grid-connected wind power job with SECI. This job will certainly be pioneered by SJVN Environment-friendly Power Ltd (SGEL), the firm’s wholly-owned subsidiary, which protected the quote with an affordable toll bidding procedure carried out by SECI.
SGEL secured the 200 MW job at a toll of Rs 3.24 each on a build-own and run (BOO) basis throughout the open affordable bidding procedure. Under the PPA terms, SGEL will certainly manage the advancement of the 200 MW wind job throughout India with a Design, Purchase, and Building (EPC) agreement. This accomplishment moves SJVN’s wind power profile to a remarkable 497.6 MW, with functional jobs completing 97.6 MW and 3 added jobs, totaling up to 400 MW, in different phases of advancement.
The approximated expense for this endeavor is about Rs 1,400 crore, with a targeted appointing day collection for November 2025. This tactical enhancement lines up with SJVN’s dedication to boost its visibility in the renewable resource industry, sustaining the Indian federal government’s objective of accomplishing 50% set up capability from non-fossil gas resources by 2030. It matches SJVN’s enthusiastic targets of getting to 12,000 MW by 2026 and adding to the common vision of 50,000 MW set up capability by 2040.