Rs.5,491cr Banderwala plant to be commissioned by Sept 2024
SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN, has signed a Long-Term Power Usage Agreement (PUA) for 500 MW Solar Power and a Long-Term Power Purchase Agreement (PPA) for 100 MW Solar Power, with Rajasthan Urja Vikas and IT Services Limited (RUVITL) in Jaipur on 10 Mar 2024.
The Power Usage Agreement is for 500 MW Solar Power from Bikaner Solar Power Project and the Power Purchase Agreement (PPA) is for 100 MW Solar Power from Rajasthan Solar Power Project, both for a period of 25 years.
Speaking about the Power Usage Agreement, Chairperson & Managing Director, SJVN, Geeta Kapur informed that under the Agreement, SGEL would supply 500 MW Power at a tariff of Rs.2.57 per unit, from the 1,000 MW Bikaner Solar Power Project being developed by SGEL under Phase-II (Tranche-3) of the Central Public Sector Units Scheme.
Being developed at village Banderwala, in Bikaner, the 1,000 MW Solar Project is expected to generate 2,454.84 million units of energy in the first year and a cumulative energy of about 56,474 million units over a period of 25 years.
With the signing of this PUA, SGEL has secured tie-up of the full project capacity of 1,000 MW, with 200 MW to be supplied to Uttar Pradesh Power Corporation Limited (UPPCL) and 300 MW to Jammu and Kashmir Power Corporation Limited (JKPCL).
Under the Power Purchase Agreement, SGEL will supply 100MW Solar Power at a tariff of Rs.2.62 per unit, from the project bagged by SGEL through competitive bidding for which Letter of Award was issued by RUVITL on 6 Oct 2023.
The project is expected to generate 252 million units of energy in the first year and a cumulative energy of 5,866 million units over a period of 25 years.
The project will be developed on 387.56 acres of land of Sambhar Salts Limited at Nawa, Rajasthan, leased in favour of SGEL for a period of 28 years.
Estimated to cost Rs.550 crore, it will be developed on Build, Own and Operate (BOO) basis.
The Long-Term Power Usage Agreement and Long-Term Power Purchase Agreement for a cumulative supply of 600 MW solar power were signed in the presence of Chief Minister of Rajasthan Shri Bhajan Lal Sharma in Jaipur. Deputy Chief Minister, Rajasthan, Diya Kumari; Power Minister of Rajasthan, Heeralal Nagar; Union Coal Secretary, Amrit Lal Meena; Chief Secretary, Government of Rajasthan, Subhash Pant; Additional Chief Secretary, Power, Government of Rajasthan, Alok; and Director (Projects), SJVN, Sushil Kumar Sharma were also present on the occasion. Fiinews.com
