SJVN on July 12 entered into an EPC (Engineering Procurement & Construction) contract for two projects, namely a 75MW solar project in Gurah Jalaun district and a 50MW solar project in Gujrai Kanpur Dehat district with M/ s Solarworld Energy Solutions Private Limited.
Nand Lal Sharma, Chairman and Managing Director of SJVN, speaking on the occasion, informed that these Rs 690.75 crore EPC contracts include end-to-end delivery of the solar power plant ordered from SJVN, including the full operation and maintenance of these photovoltaic solar power plants for two years. The contract value for the 75 MW solar project is Rs. 410.75 crore, while for the 50 MW solar project is Rs. 280 crore.
The contract agreement was signed in the august presence of Director SP Bansal (Civil) SJVN, Director Akhileshwar Singh (Finance) SJVN, Sushil Sharma, Director (Electrical) SJVN, Executive Director (Electrical Contracts), SJVN Salil Shamshery and the director of M /s Solarworld Kartik Teltia. On this occasion, senior officials from SJVN and M/s Solarworld were also present. Both projects are expected to be commissioned in April 2023.
Nand Lal Sharma informed that SJVN secured these projects through a tariff-based “tender process” conducted by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA). ).
Nand Lal Sharma further informed that SJVN has offered a tariff of Rs 2.98 per unit for the two solar projects and the power generated from these projects will be purchased by UPPCL for 25 years. The Gurah project will generate 159 MU of power per year with a capacity utilization factor (CUF) of 24.22%, while the Gujrai project will generate 106 MU of power per year with a CUF of 24.20% .
Nand Lal Sharma said: “The recent successive additions of new renewable energy projects to the company’s portfolio show our commitment to empowering the nation to expand its non-fossil fuel based energy and the decarbonization of the economy.”
Currently, SJVN has a total portfolio of approximately 31,500 MW and has diversified and also ventured into power transmission and power trading. Recent additions to the project set the stage for achieving SJVN’s shared vision of 5,000 MW by 2023, 25,000 MW by 2030 and 50,000 MW of installed capacity by 2040.
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