SJVN’s wholly owned subsidiary -- SJVN Green Energy (SGEL) has signed a Power Usage agreement (PUA) for 500 MW Solar Power and a Power Purchase Agreement (PPA) for 100 MW Solar Power with Rajasthan Urja Vikas and IT Services (RUVITL).
The Power Usage Agreement was signed for supply of 500 MW Power at a tariff of Rs 2.57 per unit from 1000 MW Bikaner Solar Power Project being developed by SGEL under the Phase-II (Tranche-3) of the CPSU Scheme. This project is the country’s largest single location project being developed at Village Banderwala, Bikaner, Rajasthan. The 1000 MW Solar Project is expected to generate 2454.84 million units in the first year and the cumulative energy generation over a period of 25 years would be about 56,474 million units. The project is being developed at a cost of Rs 5,491 crore and expected to commission by September 30, 2024.
The Power Purchase Agreement was signed for supply of 100 MW Solar Power at a tariff of Rs 2.62 per unit from the Project bagged by SGEL through Competitive Bidding for which LOA was issued by RUVITL on October 6, 2023. This project shall be developed at 387.56 Acres of land of Sambhar Salts Limited at Nawa, Rajasthan leased in favour of SGEL for 28 years. The project shall be developed on Build Own and Operate (BOO) basis at a tentative cost of around Rs 550 crore. The project is expected to generate 252 million units in the first year and the cumulative energy generation over a period of 25 years would be about 5866 million units. Commissioning of this Project is expected to reduce 287434 tonnes of carbon emission.
SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.
| Company Name | CMP |
|---|---|
| NTPC | 333.30 |
| Tata Power | 401.25 |
| Power Grid Corp | 315.75 |
| Adani Power | 498.45 |
| Torrent Power | 1476.80 |
| View more.. | |
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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