SJVN subsidiary SJVN Green Energy has received a Letter of Award (LOA), at a tariff of Rs 2.62 per unit, for the development of a 100 MW solar power project from Rajasthan Urja Vikas Nigam (RUVNL) in Rajasthan. The solar project will be developed on a build, own, and operate (BOO) basis.
The tentative cost of development of this project is around Rs 600 crore. Further, the project is expected to generate about 252 million units in the 1st year and the cumulative energy generation over a period of 25 years would be about 5,866 million units, SJVN stated in a BSE filing dated October 12.
The hydropower generator commenced the mechanical spinning of unit-I of 60 MW Naitwar Mori Hydro Electric Project (NMHEP) in Uttarakhand’s Mori on September 27, 2023. The project will generate 265.5 million units of electricity, annually. The company has constructed a 37-km 220 KV transmission line for evacuation of power from Naitwar Mori HEP from Bainol to Snail.
SJVN stock has surged by 113.56 percent over the last six months. The benchmark Nifty50 index has given a return of 11.33 percent over the same duration.
