Satluj Jal Vidyut Nigam (SJVN) Green Energy Limited, has secured the 100 MW Raghanesda Solar Power Station in district Banaskatha, Gujarat, at a tariff of Rs. 2.64 per unit through Tariff Based Competitive Bidding conducted by Gujarat Urja Vikas Nigam Limited (GUVNL). The project will generate 252 million units of energy in the first year while cumulative energy generation over a period of 25 years is estimated to be 5,805 million units.
SJVN had secured the financing for the project from Japan Bank for International Cooperation under Global action for Reconciling Economic growth and Environmental preservation (GREEN) program, reinforcing its dedication to green initiatives and responsible growth.
SJVN Limited, a Mini Ratna Category-I Central Public Sector Enterprise under the administrative control of the Ministry of Power, Government of India, commenced its journey on May 24, 1988, as a joint venture of the Government of India and the Government of Himachal Pradesh.
A listed entity, SJVN has 55% of its shares held by the Government of India, 26.85% by the Government of Himachal Pradesh and the remaining 18.15% by the public. SJVN has diversified into almost all forms of energy i.e. Hydro, Thermal, Wind, Solar, Power trading and Transmission.
Chairperson & Managing Director, SJVN, Ms. Geeta Kapur, said that the commissioning of the company’s eleventh power project highlights SJVN’s dedication to enhancing the green energy landscape of the nation and in further solidifying the company’s position as a major player in the energy sector.
