SJVN Green Energy Ltd signed Contract Agreement with M/s Hartek Solar Private Ltd

by Psu Connect
Date: 26-04-23

Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN informed that SJVN Green Energy Limited, a wholly owned subsidiary of SJVN, has entered into Contract Agreement for EPC Package of 15 MW Floating Solar Project.

NEW DELHI- Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN informed that SJVN Green Energy Limited, a wholly owned subsidiary of SJVN, has entered into Contract Agreement for EPC Package of 15 MW Floating Solar Project at Nangal Pond, Near Village Neilla, District Bilaspur, Himachal Pradesh with M/s Hartek Solar Private Limited, Mohali.

Sh. Nand Lal Sharma apprised that the EPC contract amounting to Rs 91 crores includes Operation and Maintenance of the Solar PV Power Plant for a period of three years. The Solar Project has been secured through open competitive bidding at a tariff of Rs. 3.26/- in the e-reverse auction organized by SECI.

Sh. Sharma further told that the project will generate 33 million units of energy in first year of operation and the cumulative energy generation over a period of 25 years would be about 756 million units.

Power Purchase Agreement for the power produced from the project has been signed with BBMB for 25 years. Commissioning of this project is expected to reduce 37,044 tonnes of carbon emission.

The Contract Agreement was signed by Sh. Manoj Kumar Negi, DGM Contracts, SGEL and Sh. Mani Kant, Head-Projects, Hartek Solar Private Limited.

About SJVN LIMITED-

SJVN Limited, a Mini Ratna, Category-I and Schedule –‘A’ CPSE under administrative control of Ministry of Power, Govt. of India, was incorporated on May 24, 1988 as a joint venture of the Government of India (GOI) and the Government of Himachal Pradesh (GOHP). SJVN is now a listed Company having shareholders pattern of 59.92 % with Govt. of India, 26.85% with Govt. of Himachal Pradesh and rest of 13.23 % with Public. The present paid up capital and authorized capital of SJVN is Rs. 3,929.80 Crore and Rs. 7,000 Crore respectively. The Net Worth as on 31.03.2022 is Rs.13128.61 Crore.

Beginning with a single project and single State operation (i.e. India’s largest 1500 MW Nathpa Jhakri Hydro Power Station in Himachal Pradesh), the Company has commissioned eight projects totaling 2091.5 MW of installed capacity and 86 km 400 KV Transmission Line. SJVN is presently implementing or operating power projects in Himachal Pradesh, Uttarakhand, Bihar, Maharashtra, Uttar Pradesh, Punjab, Gujarat, Arunachal Pradesh, Rajasthan, Assam, Odisha, Mizoram and Madhya Pradesh in India besides neighbouring countries of Nepal and Bhutan.