SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN, announced that it 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 Limited (RUVITL) in the presence of Chief Minister of Rajasthan, Bhajan Lal Sharma at Jaipur. On this occasion, Diya Kumari, Deputy Chief Minister, Rajasthan, Heeralal Nagar, Minister of Power, Rajasthan, Subhash Pant, Chief Secretary, Rajasthan, Amrit Lal Meena, Secretary (Coal), Alok, ACS Power, Rajasthan and Sushil Kumar Sharma, Director (Projects), SJVN were also present.
Geeta Kapur, Chairman & Managing Director, SJVN said that SGEL has entered into Long term Power Usage Agreement & Power Purchase Agreement (PUA / PPA) with Rajasthan Urja Vikas and IT Services Limited (RUVITL) for 25 years for supply of cumulative 600 MW solar power. SJVN has signed a Power Usage Agreement with RUVITL for 500 MW solar power from Bikaner Solar Power Project and also signed a Power Purchase Agreement (PPA) with RUVITL for 100 MW Solar Power from Rajasthan Solar Power Project.
Geeta Kapur apprised that 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,” it said. The project is being developed at a cost of Rs 5,491 crore and expected to be commissioned by September 30, 2024. Commissioning of this project is expected to reduce 27,67,219 tonnes of carbon emission. With the signing of this PUA, SGEL has secured a tie-up of an entire 1000 MW for this project. The other two beneficiaries from this project are UPPCL (200 MW) and JKPCL (300 MW).
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 company stated. 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.
