SJVN to Commission 75MW Parasaran Solar Power Project in UP

The project will generate 168.34 million units (CU) in Year 1 and the project’s cumulative energy production over a 25-year period would be approximately 3,919 CU. This will contribute to the annual revenue improvement to the tune of approximately Rs 45.11 crore. The Power Purchase Agreement (PPA) for the same has been signed with Uttar Pradesh Power Corporation Limited (UPPCL) for 25 years. SJVN’s renewable portfolio amounts to 4007.5 MW of which 179.5 MW is in operation, 1370 MW is under construction and 2458 MW is in various stages of implementation. With the commissioning of this 75 MW solar project, the cumulative operational capacity will increase from 2016.5 MW to 2091.5 MW. The company has aligned its shared vision of 5,000 MW by 2023, 25,000 MW by 2030 and 50,000 MW of capacity by 2040 with that of the Indian government to achieve 50% energy from renewable energy sources. non-fossil fuels by 2030. SJVN is an Indian public sector. a company with business interests in the hydro, thermal, solar, wind, and power transmission and trading sectors. It is a joint venture between the Government of India and the Government of Himachal Pradesh. On a consolidated basis, SJVN’s net profit increased by 78.07% to Rs 609.23 crore on a 51.57% increase in net sales to Rs 1,004.11 crore in Q1 June 2022 compared to Q1 June 2021 Shares of SJVN rose 2.54% to Rs 32.35 in 1 hour Muhurat special trading on Monday, October 24, 2022. Powered by Capital Market – Live News

Aurora J. William