Satluj Jal Vidyut Nigam commissions 100 MW solar power unit in Gujarat

Shimla, February 28

The Satluj Jal Vidyut Nigam (SJVN) has commissioned its 100 MW Raghanesda Solar Power Station, located in district Banaskantha, Gujarat. With addition of this project, the SJVN’s installed capacity now stands at 2377 MW. “The commissioning of the company’s eleventh power project highlights our dedication to enhance green energy landscape of the nation and further solidifies our position as a major player in the energy sector,” said Geeta Kapur, chairperson and Managing Director of the SJVN.

As per an SJVN spokesperson, the milestone marks the commissioning of SJVN’s second solar project in the month of February this year. SJVN Green Energy Limited, the renewable arm of SJVN Limited, had secured the 100 MW Raghanesda Solar Power Station at a tariff of Rs 2.64 per unit through competitive tariff bidding conducted by the Gujarat Urja Vikas Nigam Limited. The construction and development cost of the project is Rs 642 crore.

The project will generate 252 million units in the first year and the estimated cumulative energy generation over a period of 25 years will be 5,805 million units. Under a long-term Power Purchase Agreement signed in January 2022, the power generated by the Raghanesda Solar Power Station will be procured by GUVNL for 25 years.

The spokesperson further said the SJVN had secured the financing for the project from the Japan Bank for International Cooperation under Global Action for Reconciling Economic growth and Environmental preservation (GREEN) programme, reinforcing its dedication to green initiatives and responsible growth. The project will make significant contribution to the Renewable Energy Goals of the state of Gujarat and will also contribute in fostering energy security in the region.