SJVN signs agreement for 200-MW wind project with SECI

SJVN Limited, a government-owned hydroelectric power generation and transmission company, said on November 16 it has signed a Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) for a 200-MW grid connected wind power project, at an estimated cost of Rs 1,400 crore.

The project is expected to generate 482 million units in the first year following commissioning, including a total projected energy generation of 12,050 million units during a 25-year period, SJVN said in a press release. The project will be completed by November 2025, that is, within 24 months of the effective date of the PPA signing.

SJVN Green Energy Limited (SGEL), the company's wholly-owned subsidiary, had participated in SECI's tariff-based competitive bidding procedure for the selection of wind power developers for setting up 1,200 MW grid-connected wind power projects anywhere in India. In the Open Competitive Tariff bidding procedure, SGEL won 200 MW at a tariff of Rs 3.24 per unit on a Build Own and Operate (BOO) basis.

SGEL will create the 200-MW wind project somewhere in India under an EPC contract. With the addition of this project, the Company's wind portfolio now totals 497.6 MW.