SJVN share price gained 2 percent in early trade on March 18 after the company bagged solar power project from Gujarat Urja Vikas Nigam Limited (GUVNL).
At 09:21am, SJVN was quoting at Rs 126, up Rs 1.20, or 0.96 percent, on the BSE.
"......... arm SJVN Green Energy Limited (SGEL) has received the Letter of Intent (LOI) from GUVNL for 200 MW Solar Project in GUVNL Phase–XXIII," company said in its press release.
The tentative cost of construction and development of this project is Rs 1,100 crore, according to Geeta Kapur, Chairman & Managing Director, SJVN. The project is to be developed at Gujarat State Electricity Corporation Limited (GSECL) Solar Park at Khavda, the company added in the release.
The power purchase agreement (PPA) shall be executed with GUVNL after adoption of tariff by GERC, and the project will be commissioned in a period of 18 months from the date of signing the PPA.
The project is expected to generate 508.40 million units in the first year after commissioning while the projected cumulative energy generation over a period of 25 years would be about 11,698.16 million units.
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On March 13, the company's arm received the Letter of Intent (LOI) from GUVNL for 500 MW solar project.
Order wins
On March 10, the said arm signed a Power Usage Agreement (PUA) for 500 MW Solar Power and a Power Purchase Agreement (PPA) for 100 MW Solar Power with Rajasthan Urja Vikas and IT Services Limited (RUVITL).
On March 7, SJVN Green Energy Limited received LoAs for cumulative 1,352 MW of solar power projects to be developed at various locations in the districts of Nashik, Solapur, Ahmednagar and Pune in Maharashtra under the Mukhya Mantri Saur Krushi Vahini Yojana.
On March 3, the company bagged a 200 MW solar project in Gujarat on a build-own-and-operate basis at the tentative development cost of Rs 1,100 crore.
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