SJVN announced that the wholly owned subsidiary of the Company i.e., SJVN Green Energy has incorporated a Joint Venture Company with Assam Power Distribution Company named �SGEL Assam Renewable Energy� vide Certificate of Incorporation dated 18 April 2024 issued by the Ministry of Corporate Affairs, Government of India. Powered by Capital Market - Live News

SJVN Green Energy (SGEL), the renewable arm of SJVN has received the Letter of Intent (LOI) from Gujarat Urja Vikas Nigam (GUVNL) for 200 MW Solar Project in GUVNL Phase-XXIII.The tentative cost of construction and development of this project is Rs.1100 crore. The Project is to be developed at Gujarat State Electricity Corporation Limited (GSECL) Solar Park at Khavda. The Power Purchase Agreement shall be executed with GUVNL after adoption of tariff by GERC. The Project shall be commissioned in a period of 18 months from the date of signing of PPA. The project is expected to generate 508.40 million units in the 1st year after commissioning and the projected cumulative energy generation over a period of 25 years would be about 11698.16 million units. Commissioning of this Project is expected to reduce 573210 Tonnes of carbon emission and would contribute in GoI mission of reduction in carbon emission. Powered by Capital Market - Live News

SJVN Green Energy (SGEL) the renewable arm of SJVN has received the Letter of Intent (LOI) from Gujarat Urja Vikas Nigam (GUVNL) for 500 MW Solar Project in GUVNL Phase -XXI.Powered by Capital Market - Live News

SJVN announced that its subsidiary, SJVN Green Energy has received letter of awards for cumulative 1,352 MW of solar power project to be developed at various locations in the districts of Nashik, Solapur, Ahmednagar & Pune Districts of Maharashtra under the Mukhya Mantri Saur Krushi Vahini Yojana. These projects have been bagged by SGEL through competitive bidding by participation for 1,500 MW (500 MW in Round 1 and 1,000 MW in Round 2) tender floated by MSEB Agro Power (MSAPL), Maharashtra for total capacity of 7,000 MW. The aforesaid scheme was launched for implementation of feeder level solarisation under component C of PM-KUSUM scheme.Further, the total investment for development of these 1,352 MW Solar Power Projects will be about Rs 7,436 crore which shall be SGEL`s first contribution towards the prestigious PM-KUSUM Scheme. These projects shall be eligible up to a maximum Central Financial Assistance of 30% of the Project Cost.The Company is on rapid progression to achieve its Shared Vision of 25,000 MW by 2030 & 50,000 MW by 2040. This Shared Vision has been formulated in sync with the commitment of the Government of India of generating 50% energy from non-fossil fuel-based energy resources by 2030.Powered by Capital Market - Live News

SJVN announced that its wholly owned subsidiary - SJVN Green Energy has signed the Power Usage Agreement (PUA) with Jammu & Kashmir Power Corporation (JKPCL) at Jammu on 23 February 2024 for 300 MW Solar Power Capacity.Further, this 300 MW power shall be supplied to JKPCL from the under construction 1,000 MW Bikaner Solar project which is being developed under the CPSU Scheme of IREDA at a cost of Rs 5,491 crore. The project is being developed under the Domestic Content Requirement (DCR) mode and is slated for commissioning by July, 2024. Power from this project is for Govt use either directly or through Discom. The Company is on rapid progression to achieve its Shared Vision of 25,000 MW by 2030 & 50,000 MW by 2040. This Shared Vision has been formulated in sync with the commitment of the Government of India of generating 50% energy from non-fossil fuel-based energy resources by 2030.Powered by Capital Market - Live News