Stock Report

SJVN wins 200 MW Solar Project in Maharashtra



Posted On : 2022-08-05 23:21:22( TIMEZONE : IST )

SJVN wins 200 MW Solar Project in Maharashtra

SJVN Ltd participated in the Tariff based competitive Bidding process of Maharashtra State Electricity Distribution Company Limited ("MSEDCL") and bagged the full quoted capacity of 200 MW Solar Project @ ₹2.90/Unit on Build Own and Operate (BOO) basis through e-RA conducted on 04.08.2022. The power purchase agreement shall be executed after issuance of LOI from MSEDCL. The Ground Mounted Solar Project shall be developed by SJVN anywhere in Maharashtra through EPC contract.

The tentative cost of Construction / Development of this project is around ₹1,200 Cr. The project is expected to generate 455.52 MUs in the 1st year and the cumulative energy generation over a period of 25 years would be about 10480.82 MU. As per RfS the Project shall be commissioned in a period of 18 Months from the date of signing of PPA i.e by FY 2023-24. The PPA shall be signed between MSEDCL and SJVN for 25 years.

The commissioning of this Project is expected to reduce 5,13,560 Tonnes of carbon emission and would contribute in GoI mission of reduction in carbon emission.

These projects will assist the Company in achieving its ambitious shared vision of 5000 MW by 2023, 25000 MW by 2030 and 50000 MW by 2040 and simultaneously contribute towards RE capacity addition target of 500 GW by 2030 set by Government of India.

Shares of SJVN Limited was last trading in BSE at Rs. 28.45 as compared to the previous close of Rs. 28.75. The total number of shares traded during the day was 273365 in over 1404 trades.

The stock hit an intraday high of Rs. 29.10 and intraday low of 28.20. The net turnover during the day was Rs. 7813335.00.

Source : Equity Bulls

Keywords

SJVN INE002L01015 OrderWin 200MW SolarProject MSEDCL