India’s SJVN reaches fin shut for 70-MW photo voltaic challenge in Gujarat

Could 13 (Renewables Now) – Indian energy producer SJVN Ltd (BOM:533206) introduced in the present day it has achieved monetary shut for a 70-MW photo voltaic challenge within the state of Gujarat.

The corporate stated it’s allocating INR 2.67 billion (USD 34.6m/EUR 32.8m) of debt from its current overseas foreign money time period mortgage. The Bagodara challenge’s complete funding requirement quantities to INR 3.34 billion.

Development work has already been initiated and is predicted to be accomplished later this 12 months, resulting in the beginning of energy technology in October. The challenge was awarded to the corporate by Gujarat Urja Vikas Nigam Restricted (GUVNL) at a tariff of INR 2.21 per kWh.

SJVN targets having 5 GW of put in capability by 2023, 25 GW by 2030 and 50 GW by 2040.

(INR 10 = USD 0.130/EUR 0.123)

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