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The state-run SVJN Ltd. has secured a 100-megawatt solar energy venture in Gujarat.
The bottom-mounted photo voltaic venture will likely be developed by the corporate’s wholly owned subsidiary, SJVN Inexperienced Vitality Ltd., at a tentative value of Rs 550 crore, in response to an trade submitting on Tuesday.
The Gujarat Urja Vikas Nigam Ltd. had performed a tariff-based aggressive bidding course of through which SJVN bagged the 100-MW capability venture at Rs 2.63 per unit on a ‘construct, personal and function’ foundation.
The venture could also be developed wherever in India and is anticipated to be commissioned inside 18 months from the date of signing of the ability buy settlement, which will likely be legitimate for a 25-year interval.
The photo voltaic venture is anticipated to generate about 252 million models in its first 12 months of commissioning, and the cumulative power era over a interval of 25 years can be about 5,866 million models, SJVN stated.
With the addition of this venture, the Himachal Pradesh-based energy producer’s photo voltaic and wind portfolio stands at 5,090.5 MW, together with 179.5 MW of operational capability, 1,860 MW underneath building, and three,051 MW underneath numerous phases of implementation.
Shares of SJVN closed 2.21% greater at Rs 91.57 apiece on Tuesday forward of the announcement, as in contrast with a 0.32% advance on the benchmark BSE Sensex. The scrip has doubled since July on the again of recent contract wins.
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