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Punjab Chief Minister Bhagwant Mann on Thursday said the state government has signed a power purchase agreement of 1,200 MW with Sutlej Jal Vidyut Nigam (SJVN).He said that PSPCL had floated tenders for procurement of power from solar projects .
Announcing the two pacts to meet power needs of the state, CM Mann said these were the biggest such agreements in the country. The two agreements were signed by Punjab State Power Corporation Limited (PSPCL) with SJVN Greens Energy Limited, a wholly-owned subsidiary company of SJVN Limited, on August 14 for supply of 1,200 MW of solar power from the latter’s two projects in Bikaner (Rajasthan) and Bhuj (Gujarat).
Spandana Sphoorty Financial Limited has received a binding bid from an ARC, amounting to Rs.133.00 Crore, on Security Receipt consideration basis, for the written-off portfolio with outstanding of Rs.372.45 Crore as on December 31, 2022.