SJVN To Construct 100 MW Solar Project in Punjab With PPA From PSPCL

• Big, utility range solar projects are a has to in Punjab to sustain the state's need for less expensive, clean energy.
• Far more requires t be done to put the state on a clean energy pathway

SJVN, the jointly owned power company of the Government of Himachal Pradesh as well as Govt Of India has won a 100 MW grid connected solar project from Punjab State Power Corporation Limited (PSPCL). The power acquisition contract will be authorized between PSPCL as well as SJVN for 25 years. SJVN currently has actually mounted capacity of 2016.5 MW that includes 2 hydro nuclear power plant of 1912 MW and also 4 eco-friendly power plants of 104.5 MW 2 solar plants of 6.9 MW and 2 wind plants of 97.6 MW. Hence, post this project, SJVN currently has 1445 MW of solar projects under implementation.

SJVN Chairman & Managing Director Nand Lal Sharma stated the company won with a toll based affordable bidding procedure, on Build Own and Run basis through e-reverse public auction at a toll of Rs 2.69 per unit.

The tentative cost of building and construction of this project is Rs 545 crore, SJVN's release priced estimate Sharma. The project is expected to generate 245.28 MU (million units) in the first year, while the cumulative power generation over a period of 25 years would be around 5643.52 MU.

Sharma additionally stated that in line with MNRE's press to PSU power majors to spend much more in renewables, SJVN has actually set its shared vision of capacity addition of 5000 MW by 2023, 12000 MW by 2030 as well as 25000 MW by 2040. Most of this is mosting likely to come from Solar it appears.

Visitors will certainly be aware that with Prime Minister Modi committing India to 500 GW of eco-friendly ability by 2030, it has actually ended up being inevitable for all the crucial PSU power majors to focus on renewable resource, especially Solar. This is true of the Hydropower majors as well, be it SJVN or NHPC, which has actually gone on with much larger solar capacities, several of which will begin coming on the internet from next year.

For Punjab, both the quote cost and also the project dimension need to rate, as the state deals with high thermal power costs and power shortages. The state has actually had a hard time to match the development of solar in numerous other states regardless of being well positioned to do so, simply as a result of a mix of state plans and concerns like free power, loss making discoms, land accessibility. Existing at the tail end of the coal supply chain, the state's thermal plants pay a high expense for coal, and are dated too.