SJVN Green Energy Ltd commissions 50 MW Gujrai Solar Power Project

SJVN Ltd's Wholly Owned Subsidiary SJVN Green Energy Limited ("SGEL") has commissioned and achieved COD of its 50 MW Gujrai Solar Power Project located in district Kanpur, Uttar Pradesh.

SGEL has bagged this 50 MW Solar Power Project at a tariff of ₹2.98 per unit through Competitive Tariff bidding conducted by Uttar Pradesh New & Renewable Development Agency ("UPNEDA"). Power Purchase Agreement for the same has been signed with Uttar Pradesh Power Corporation Limited ("UPPCL") for 25 years.

Cost of Construction / Development of this project is ₹281 Crores. The project will generate 107 MUs in the first year and the estimated cumulative energy generation over a period of 25 years shall be 2,477 MUs.

The Company is on rapid progression to achieve its Shared Vision of 25,000 MW by 2030 & 50,000 MW by 2040. This Shared Vision has been formulated in sync with the commitment of the Government of India of generating 50% energy from non-fossil fuel-based energy resources by 2030.

Shares of SJVN Limited was last trading in BSE at Rs. 119.00 as compared to the previous close of Rs. 121.55. The total number of shares traded during the day was 1291569 in over 7029 trades.

The stock hit an intraday high of Rs. 123.20 and intraday low of 117.50. The net turnover during the day was Rs. 155547928.00.

Source : Equity Bulls

Keywords

SJVN INE002L01015 SJVNGreenEnergy 50MW GujraiSolarPowerProject Kanpur UttarPradesh