AK Singh’s Director (Finance) paid a courtesy visit to the Honorable Chief Minister of Uttar Pradesh Yogi Aditya Nath and briefed him on the progress of the allocated 75 MW solar project in the solar park from Parasan. The solar park is located in Tehsil Kalpi, Jalaun district near Kanpur, Uttar Pradesh.

Singh informed the Honorable Chief Minister that SJVN has awarded the Engineering, Procurement and Construction (EPC) of the project to M / s Solarworld Energy Solutions Private Limited. The development of the project will involve an investment of approximately Rs. 392 crores. The project is expected to be commissioned by July 2022.

He further informed that SJVN bagged this project as part of a tender organized by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) at a price of 2.68 per unit for 25 years. The project will generate 168 million units (CU) of energy per year and 4,205 CU of electricity over 25 years with a capacity utilization factor (CUF) of 25.06%. The Power Purchase Agreement (PPA) has already been signed between UPPCL (Uttar Pradesh Power Corporation Limited) and SJVN for 25 years. He also called on the Honorable Chief Minister to allocate more renewable energy projects in the state to SJVN.

Speaking on the occasion, Nand Lal Sharma, President and CEO of SJVN, said that SJVN currently has over 11,000 power projects in its portfolio and that such initiatives would enable SJVN to realize its shared vision of generating 5,000 MW by 2023, 12,000 MW by 2030 and 25,000 MW by 2040 to meet the company’s short-medium-long term objectives.

Posted on: Friday December 03, 2021, 3:57 PM IST