SJVN Green Energy Ltd bags 200 MW Wind Power Project

SJVN Green Energy Limited, a wholly owned subsidiary of the Company, participated in the Tariff based competitive Bidding process for Selection of Wind Power Developers for setting up of 1,200 MW ISTS connected Wind Power Projects in India (Phase-XIV) conducted by Solar Energy Corporation of India ("SECI") and bagged the full quoted capacity of 200 MW Wind Power Project @ ₹3.24/Unit on Build Own and Operate (BOO) basis through e-RA conducted on 12.06.2023.

The Power Sell Agreement (PSA) shall be executed after issuance of LOI from SECI. This Wind Power Project shall be developed by SJVN Green Energy Limited anywhere in India through EPC contract. Tentative cost of Construction / Development of this project is ₹1,400 Cr. The project is expected to generate 578.16 MUs annually and the cumulative energy generation over a period of 25 years would be about 14,454 MU. As per RfS the Project shall be commissioned in a period of 24 Months from the date of signing of PSA.

The commissioning of this Project is expected to reduce 7,08,246 Tonnes of carbon emission and would contribute in GoI mission of reduction in carbon emission.

Shares of SJVN Limited was last trading in BSE at Rs. 38.08 as compared to the previous close of Rs. 36.58. The total number of shares traded during the day was 2141462 in over 3030 trades.

The stock hit an intraday high of Rs. 38.20 and intraday low of 36.31. The net turnover during the day was Rs. 79152087.00.

Source : Equity Bulls

Keywords

SJVNGreenEnergy INE002L01015 200MW WindPowerProject