SJVN Secures 100 MW Wind Power Project In Gujarat

N Green Energy Limited, a wholly-owned subsidiary of SJVN, through a competitive bidding process followed by an e-reverse auction organized by Gujarat Urja Vikas Nigam Limited. (Mint)Premium
N Green Energy Limited, a wholly-owned subsidiary of SJVN, through a competitive bidding process followed by an e-reverse auction organized by Gujarat Urja Vikas Nigam Limited. (Mint)

New Delhi: State-owned SJVN Ltd has secured a 100 MW grid-connected wind power project in Gujarat, Chairman and Managing Director Nand Lal Sharma said on Saturday. The project was awarded to SJVN Green Energy Limited, a wholly-owned subsidiary of SJVN, through a competitive bidding process followed by an e-reverse auction organized by Gujarat Urja Vikas Nigam Limited.

The project, with an estimated cost of $108 million, will be developed by SGEL through an EPC contract and can be set up anywhere in India. In its first year, it is projected to generate 281 million units of electricity, with a 25-year total of 7,025 million units. The project will also help reduce carbon emissions by 344,255 tons.

The addition of the 100 MW wind project brings SJVN’s wind power portfolio to 297.6 MW, including two operational projects with a combined capacity of 97.6 MW and two more projects under development with 200 MW capacities. This achievement aligns with SJVN’s goal of reaching a 50,000 MW capacity by 2040, as the company currently has 47,279 MW and 77 projects at various stages of development.

Nand Lal Sharma, SJVN’s Chairman and Managing Director, expressed enthusiasm for the successful bid, emphasizing its importance in bolstering their green energy portfolio and advancing toward their 50,000 MW target by 2040.

Catch all the

Corporate news

and Updates on Live Mint. Download The

Mint News App

to get Daily

Market UpdatesBusiness News

.

More Less

Next Story

No Network

Server Issue

Internet Not Available

RECENT NEWS

Strong Yen Reflects Positive Sentiment As Asian Equities Gain

The Japanese yen strengthened, reflecting positive sentiment as Asian equities posted gains. This trend highlights inves... Read more

Chinas Response To U.S. Tariffs: Threats And Predictions

Following the recent announcement by the Biden administration to impose new tariffs targeting $18 billion worth of Chine... Read more

U.S. Military Aid To Ukraine: Implications And Impact

In the shadow of escalating tensions and ongoing conflict in Eastern Europe, U.S. Secretary of State Antony Blinken's re... Read more

UN Secretary-General Urges Humanitarian Ceasefire In Gaza Amid Escalating Violence

As violence continues to escalate in Gaza, António Guterres, the Secretary-General of the United Nations, has issued a ... Read more

Driving Economic Transformation: China's Rmb1 Trillion Debt Sale

The Strategic Allocation of Debt Proceeds: China's debt proceeds are earmarked for strategic sectors that are poised to... Read more

US Asserts Naval Presence In Taiwan Strait Amidst Rising Tensions With China

Recent geopolitical events have once again brought the Taiwan Strait into the spotlight, as a US warship navigated its w... Read more