SJVN gains 2 per cent on bagging 100MW solar project in Gujarat

Shares of SJVN rose over 2 per cent on Monday after the company said it has bagged a 100 megawatts solar power project in Dholera Solar Park. The stock was up 2.24 per cent at Rs 22.85 on BSE.

“SJVN has participated in an open bidding process for allotment of 100 MW in Dholera Solar Park, Gujarat and bagged the quoted capacity of 100 MW at Rs 2.80/Unit on Build Own and Operate (BOO) basis,” said the company.

The tentative cost of construction/development of this project is Rs 450 crore, the state-run company said in a regulatory filing.

The project is expected to generate 244 MU/year and Power Purchase Agreement (PPA) shall be signed between GUVNL and SJVN for 25 years. This 100 MW Solar Plant is expected to be commissioned by March 2022.

As per reports, Dholera Solar Park is a 5GW solar power project being developed in two phases approximately 80 km from Ahmedabad, Gujarat, India.

ET Energy World
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