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SJVN inks two agreements to supply 1 200 MW solar power to Punjab

punjab: SJVN inks two agreements to supply 1,200 MW solar power to Punjab

State-owned SJVN Ltd has signed two power purchase agreements (PPAs) with Punjab State Power Corporation Ltd (PSPCL), to supply 1,200 MW of solar power from its projects, according to Punjab Chief Minister Bhagwant Mann. SJVN s arm, the SJVN Green Energy Ltd, undertook the proposals offering Rs 2.53 per unit for 1,000 MW, and Rs 2.75 per unit for another 200 MW, PSPCL had floated tenders for.

Punjab Signs Agreement with SJVN for Purchase of 1,200 MW Power; Reducing Electricity Bills, Confirms CM Mann

Punjab Signs Agreement with SJVN for Purchase of 1,200 MW Power; Reducing Electricity Bills, Confirms CM Mann
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Punjab Inks Pact to Buy 1,200 MW Power from SJVN, Will Slash Electricity Bills, Says CM Mann

Chief minister Bhagwant Mann said that it was the biggest MoU signed by government-run Punjab State Power Corporation Ltd (PSPCL) with SJVN, a subsidiary of Bhakra Beas Management Board and a leading renewable energy firm

SJVN inks two pacts to supply 1,200 MW solar power to Punjab

One PPA relates to a 1,000 MW solar project to be developed anywhere in India and the other is for a 200 MW solar project to be developed in Punjab. Both projects will be developed within 18 months and will involve an investment of approximately INR70bn ($950m). The projects are expected to generate 2,997 million units in the first year and nearly 70,000 million units over 25 years.

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