SJVN to Build Rs 450 Crore-- 100 MW Solar Plant in Dholera

Aug 18, 2020 12:11 PM ET
  • SJVN has actually announced that it will be commissioning the 100 MW solar plant at the Dholera Solar Park at an outlay of Rs 450 crore.
SJVN to Build Rs 450 Crore-- 100 MW Solar Plant in Dholera
Image: OPDEnergy

State-owned Satluj Jal Vidyut Nigam Ltd (SJVN) fresh from its win at Gujarat Urja Vikas Nigam Ltd's (GUVNL) 700 MW solar public auction, has announced that it will certainly be commissioning the 100 MW solar PV power plant which it was awarded under the tender at the Dholera Solar Park at an outlay of Rs 450 crore.

The SJVN was awarded 100 MW ability in the auction after sending a bid for Rs 2.80 each. And also will now develop the project on a build-own-and-operate basis.

SJVN Chairman as well as Managing Director Nand Lal Sharma confirmed that the tentative cost of the project is Rs 450 crore which the project is anticipated to create 244 million units in a year. The power acquisition arrangement will certainly be signed for 25 years.

Sharma said the solar park in the Dholera Special Investment Region is located along the Gulf of Khambhat. And that at the present prices, the solar energy generation expense goes to the same level with that said of thermal power generation, he said.

Solar power tariffs have actually been decreasing due to dramatically declining costs of solar panels, better structuring of the project that reduces the threat for project designers as well as the schedule of financial resources at an affordable expense.

Sharma claimed the development of these parks will lead to realisation of Prime Minister Narendra Modi's vision of offering 175 GW of power via sustainable sources by 2022.

The just recently ended public auctions for the 700 MW solar tender saw the entire ability awarded to four other prospective buyers next to SJVN. With Tata Power and Vena Energy submitting the winning bids (L1) of Rs 2.78/ kWh. Both the L1 bidders safeguarded abilities of 100 MW each under the tender. Followed by ReNew Power which protected 200 MW project capability with its bid of Rs 2.79/ kWh. TEQ Power (O2) secured 200 MW capacity with its bid of Rs 2.81/ kWh.

In March, GUVNL had floated its tender for the choice of solar energy developers for setting up 700 MW solar projects at the Dholera Solar Park. As per the RfS, GUVNL had re-tendered the 700 MW ability which stayed unallocated in solar tenders invited by the agency on January 16, 2019, (Phase V) and June 24, 2019 (Phase VII). As per GUVNL, the tender had been issued in order to fulfill the renewable power purchase obligation (RPPO) and to meet the future requirements of Discoms.

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