August 5 (Renewables Now) – Indian energy producer SJVN Ltd (BOM:533206) has gained 200 MW of photo voltaic capability in a young held by Maharashtra State Electrical energy Distribution Co Ltd (MSEDCL) with the intention to procure 500 MW of grid-connected intrastate photo voltaic initiatives.
The corporate stated in an announcement at this time that it was awarded the complete quoted capability at INR 2.90 (USD 0.037/EUR 0.036) per kWh. It now anticipates the issuance of a LOI by MSEDCL to proceed with the signing of a 25-year energy buy settlement (PPA).
The award will result in SJVN constructing a ground-mounted solar energy plant wherever in Maharashtra by an engineering, procurement and building (EPC) contract inside 18 months from the date of signing the PPA. The corporate estimates the tentative value of realising this venture at about INR 12 billion.
The opposite winners within the public sale embrace Juniper Inexperienced Power (75 MW), Tata Energy Renewable Power (150 MW), Sukhbir Agro Power (50 MW) and Avaada Power (25 MW), in accordance with a report by Mercom.
In the meantime, the state discom also issued an expression of curiosity (EOI) and request for choice (RFS) on Wednesday for the procurement of 298 MW of solar energy from decentralised vegetation. The final day for submission of bids is September 5, 2022.
(INR 10 = USD 0.13/EUR 0.12)