SJVN bags 30MW wind-solar hybrid project from SECI

SJVN Ltd has bagged its first ever 30 MW Wind-Photo voltaic Hybrid challenge by means of a young floated by Photo voltaic Vitality Company of India Restricted (SECI). The challenge was bagged @ Rs.2.54/Unit on Construct, Personal and Function foundation within the Tariff based mostly aggressive bidding course of.

In accordance with the submitting, the tentative value for Development and Growth of challenge is Rs195 crore and the challenge is predicted to generate 79 MU’s within the 1st 12 months and on cumulative foundation roughly 1860 MU’s could be generated over a interval of 25 years.

The Energy Buy Settlement (PPA) shall be signed between the Firm and SECI for 25 years. The Undertaking shall be commissioned inside a interval of 18 months from the date of signing of PPA.

The commissioning ofthis Undertaking is predicted to cut back 90,993 tonnes of carbon emissions and can contribute in Authorities of India’s mission of internet zero carbon emission by 2070.

This challenge will help the Firm in reaching its bold shared imaginative and prescient of 5000 MW by 2023, 25000 MW by 2030 and 50000 MW by 2040 and concurrently contribute in direction of RE capability addition goal of 500 GW by 2030 set by Authorities of India.

At round 9:17 AM, SJVN was buying and selling at Rs28.30 per piece decrease by 0.35% on the BSE.