SJVN inks PPA with BBMB to set up 18 MW solar project – EQ
The SJVN chairman said SJVN, through its wholly-owned subsidiary SJVN Green Energy Limited (SGEL), signed a PPA with BBMB for 18 MW solar power; the project will be developed on land parcels of BBMB in Himachal Pradesh and Punjab. The project is scheduled to be commissioned by August 2024
Satluj Jal Vidyut Nigam (SJVN) Limited on Friday signed a power purchase agreement (PPA) of 18 MW solar power with Bhakra Beas Management Board (BBMB).
The agreement was signed in Shimla in the presence of SJVN chairman and managing director Nand Lal Sharma.
The SJVN chairman said SJVN, through its wholly-owned subsidiary SJVN Green Energy Limited (SGEL), signed a PPA with BBMB for 18 MW solar power. The project will be developed on land parcels of BBMB in Himachal Pradesh and Punjab. The project is scheduled to be commissioned by August 2024.
The project involving investment of ₹90 crore will come up within a year, he said.
He said the project has been secured through open competitive bidding at a tariff of ₹2.63 in the e-reverse auction organised by Punjab Energy Development Agency.
The project will generate 39.42 million units of energy in the first year of operation and the cumulative energy generation over a period of 25 years would be about 917 million units. The agreement will be effective for 25 years and its commissioning of the project would reduce 44,923 tonnes of carbon emission.
The agreement was signed in Shimla in the presence of SJVN chairman and managing director Nand Lal Sharma.
The SJVN chairman said SJVN, through its wholly-owned subsidiary SJVN Green Energy Limited (SGEL), signed a PPA with BBMB for 18 MW solar power. The project will be developed on land parcels of BBMB in Himachal Pradesh and Punjab. The project is scheduled to be commissioned by August 2024.
The project involving investment of ₹90 crore will come up within a year, he said.
He said the project has been secured through open competitive bidding at a tariff of ₹2.63 in the e-reverse auction organised by Punjab Energy Development Agency.
The project will generate 39.42 million units of energy in the first year of operation and the cumulative energy generation over a period of 25 years would be about 917 million units. The agreement will be effective for 25 years and its commissioning of the project would reduce 44,923 tonnes of carbon emission.
The PPA was signed by Ajay Singh, CEO, SGEL, and Ajay Sharma, special secretary, BBMB.
