SJVN Ltd commissions 75MW solar power project

SJVN Ltd has started commissioning of its 75MW Solar Power Project located at Tehsil Kalpi, District Jalaun near Kanpur, Uttar Pradesh through its wholly owned subsidiary SJVN Green Energy Limited. The complete 75 MW capacity shall be commissioned by the end of this month i.e., 30.10.2022.

The project shall generate 168.34 Million Units (MUs) in the 1st year and the project cumulative energy generation over a period of 25 years would be about 3919 MUs. This would help in annual enhancement of revenue to the tune of approximately 45.11 Crores which would enhance the top and bottomline of balance sheet. The Power Purchase Agreement (PPA) for the same has been signed with Uttar Pradesh Power Corporation Limited (UPPCL) for 25 years.

The Company's renewable portfolio stands at 4007.5 MW out of which 179.5 MW is under operation, 1370 MW is under construction and 2458 MW are at different stages of implementation. With the commissioning of this 75 MW Solar project, cumulative operational capacity will increase from 2016.5 MW to 2091.5 MW.

The company has aligned its Shared Vision of 5000 MW by 2023, 25000MW by 2030 & 50000 MW capacity by 2040 with that of Government of India's target of achieving 50% energy from non-fossil fuel sources by 2030. As a strategic & reliable partner, SJVN plans to play a vital role in clean energy transition of the nation.

Shares of SJVN Limited was last trading in BSE at Rs. 31.55 as compared to the previous close of Rs. 31.10. The total number of shares traded during the day was 433167 in over 1564 trades.

The stock hit an intraday high of Rs. 31.80 and intraday low of 31.00. The net turnover during the day was Rs. 13595137.00.

Source : Equity Bulls

Keywords

SJVN INE002L01015 75MW SolarPowerProject