SJVN Green Energy Ltd receives LOA for development of 100 MW Solar Power Project from RUVNL

SJVN Green Energy Limited (a wholly owned subsidiary of SJVN Limited) participated in the tariff based competitive bidding conducted by Rajasthan Urja Vikas Nigam Limited (RUVNL) for development of Solar Power Project in the state of Rajasthan.

The Letter of Award (LOA) has been received on 06.10.2023 at a tariff of INR 2.62 / Unit for development of 100 MW Solar Power Project to be situated anywhere in the state of Rajasthan. The Solar project shall be developed on Build Own and Operate (BOO) basis. Tentative cost of Construction / Development of this project is around INR 600 Cr.

The project is expected to generate about 252 MUs in the 1st year and the cumulative energy generation over a period of 25 years would be about 5866 MU. As per RfS the Project shall be commissioned in a period of 18 Months from the date of signing of PPA. The PPA shall be signed between RUVNL and SGEL for 25 years.

The commissioning of this Project is expected to reduce 287434 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. 70.87 as compared to the previous close of Rs. 69.80. The total number of shares traded during the day was 3430283 in over 6142 trades.

The stock hit an intraday high of Rs. 71.83 and intraday low of 69.65. The net turnover during the day was Rs. 243165784.00.

Source : Equity Bulls

Keywords

SJVN INE002L01015 SJVNGreenEnergy LOA OrderWin SolarPowerProject RUVNL