SJVN Wins Bihar’s 200 MW Solar Project Auction Worth Rs. 1,000 Crore

A joint venture of Govt. of India & Govt. of Himachal Pradesh, SJVN on Saturday announced winning the auction for 200 MW of Grid-Connected Solar Project of Rs, 1,000 crores in Bihar.

According to SJCN’s Chairman Mr. Nand Lal Sharma, SJVN Ltd got the project through Open Competitive Tariff Bidding Process for quoted capacity of 200 MW Rs. 3.11/unit on Build Own and Operate (BOO) basis during an e-reverse auction held on August 13, 2021.

Bihar Renewable Energy Development Agency (BREDA) organized the auction for a solar project of the capacity of 200 MW, through a tariff-based competitive bidding process, where three other bidders have also participated.

Chairman further notifies that the tentative cost of construction and development of this project is Rs 1,000 crore.

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The project is expected to generate 420.48 MU (million units) in the 1st year and the project cumulative energy generation for 25 years would be about 10,512 MU. The PPA shall be signed between BREDA and SJVN for 25 years.

Sharma also declared that currently, SJVN has a total installed capacity of 2,016.5 MW including two hydropower plants of 1,912 MW and four renewable power plants of 104.5 MW (two solar plants of 6.9 MW and 2 wind plants of 97.6 MW).

Recently, SJVN has announced an agreement with the New Delhi Municipal Council (NDMC) to sell 150 MW of solar power from SJVN projects that it plans to bid and develop under the Central Public Sector Undertaking (CPSU) Scheme.

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Before that, SJVN Ltd announced on Friday it’s winning a 75 MW grid-connected solar project in Jalaun, Uttar Pradesh. Power generated from the project will be procured by the Uttar Pradesh New and Renewal Development Agency (UPNEDA) for 25 years at a quoted tariff of Rs 2.68/kWh.

Earlier in February, SJVN took out a tender for leasing contiguous landholdings of 1250 acres to be considered for a solar power project. Typically, a landholding of that size will house close to 250 MW of solar projects.