SJVN Green Energy Ltd receives LOA for 3 solar power projects with total capacity of 320 MW

SJVN Green Energy Limited (SGEL), a Wholly owned subsidiary of the Company has received Letter of Awards from Assam Power Development Corporation Limited (APDCL) for three Solar Power Projects of cumulative capacity 320 MW. SGEL had participated in three separate tariff based competitive bidding tenders of APDCL i.e. 50 MW, 70 MW and 200 MW.

The 50 MW and 70 MW projects are under solar park category and have been allotted at a tariff of INR 3.92/Unit and the 200 MW is to be developed anywhere in Assam and has been allotted at a tariff of INR 3.90/Unit.

These three Solar power projects shall be developed on Build Own and Operate (BOO) basis. The projects are expected to generate cumulative 628 MUs in the 1st year and the cumulative energy generation over a period of 25 years would be about 14591 MUs. As per RfS the Projects shall be commissioned in a period of 18 Months from the date of signing of PPA and expected to be commissioned by March 2025. The PPA shall be signed between APDCL and SGEL for 25 years. Tentative cost of Construction / Development of these 320 MW projects is around INR 1900 Crores.

The commissioning of these Projects is expected to reduce 7.14 Lakhs Tonnes of carbon emission and would contribute in Government of India's mission of reduction in carbon emission.

Shares of SJVN Limited was last trading in BSE at Rs. 60.80 as compared to the previous close of Rs. 56.84. The total number of shares traded during the day was 1685076 in over 5132 trades.

The stock hit an intraday high of Rs. 61.25 and intraday low of 56.61. The net turnover during the day was Rs. 100232064.00.

Source : Equity Bulls

Keywords

INE002L01015 SJVN SJVNGreenEnergy LOA SolarPowerProjects