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SJVN invites bids for 5.8 MW rooftop solar projects

India, News

SJVN has issued a tender for the installation of 5.8 MW grid-connected rooftop solar power systems on Union Government buildings across several states, including Delhi, Madhya Pradesh, Uttar Pradesh, Haryana, Gujarat, Maharashtra, and Rajasthan. The project is part of the PM Surya Ghar: Muft Bijli Yojana and follows the Renewable Energy Service Company (RESCO) model. Bidders are required to submit Rs 5,900 as a document fee, Rs 5,000 plus 18% GST for bid processing, and…

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Saatvik Solar supplies 70.2 MW of high-efficiency modules for SJVN’s Punjab power project

India, News

Saatvik Solar has delivered 70.2 MW of high-efficiency Mono PERC 545Wp solar modules for SJVN Limited’s power project in Punjab. These high-performance modules, made from single-crystal silicon, are designed to maximize energy output, even in low-light conditions, and feature a uniform black appearance. Their design makes them especially suitable for projects where space needs to be used efficiently.

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SJVN, GMR, IREDA sign MoU for Upper Karnali Hydro Project in Nepal

India, News

SJVN, GMR Upper Karnali Hydro Power (GMR), and the Indian Renewable Energy Development Agency (IREDA) have signed a memorandum of understanding (MoU) to jointly develop the 900 MW Upper Karnali Hydro Electric Project in Nepal. SJVN and GMR will each hold a 34% stake, with IREDA taking 5%, while the remaining equity will be owned by the Nepal Electricity Authority (NEA). The project, with an estimated cost of Rs 91 billion, will be developed on…

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Navratna status granted to SJVN, RailTel, NHPC

India, News

The central government has elevated four public sector companies—SJVN, Solar Energy Corporation, NHPC, and RailTel Corporation of India—to Navratna status. This upgrade, announced by the Ministry of Finance on August 30, brings the total number of Navratna Central Public Sector Enterprises (CPSEs) in India to 25. Out of the four companies, three are publicly traded: RailTel, SJVN, and NHPC. Following the announcement, shares of RailTel and SJVN surged over five per cent when the stock…

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SJVN posts 31.4% rise in Q1 net profit to Rs 3,570.9 million

India, News

SJVN Limited reported a net profit of Rs 3,570.9 million for the quarter ending June 2024, marking a 31.4% increase from Rs 2,717.5 million in the same quarter last year. The company’s total income for the quarter rose by 28.8% to Rs 9,584.7 million, up from Rs 7,443.9 million in the corresponding period of the previous year.

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CCEA approves Rs 57.92 billion for SJVN’s 669 MW Lower Arun HEP

India, News

The Cabinet Committee on Economic Affairs (CCEA) has approved an investment of Rs 57.92 billion for SJVN Limited’s 669 MW Lower Arun hydroelectric project (HEP) in Nepal’s Sankhuwasabha district, with a tariff set at Rs 4.99 per unit. The CCEA also granted retroactive approval for the creation of a special purpose vehicle (SPV) and approved an equity investment of Rs 17.37 billion in SJVN Lower Arun Power Development Company Private Limited. The project will utilize…

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SJVN commissions 90 MW Omkareshwar floating solar project in Madhya Pradesh

India, News

SJVN has successfully commissioned its 90 MW Omkareshwar floating solar project, executed by its wholly-owned subsidiary, SJVN Green Energy (SGEL). Located in the Omkareshwar floating solar park in Khandwa, Madhya Pradesh, this project is one of the largest floating solar installations in Central and North India. With this commissioning, SJVN’s total installed capacity has increased to 2,466.50 MW. The power purchase agreement (PPA) for the project has been signed between SGEL, REWA Ultra Mega Solar…

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SJVN seeks approval for 1,500 MW renewable energy tariff

India, News

SJVN Limited has filed a petition for the approval of tariffs to supply 1,500 MW of firm and dispatchable power from renewable energy projects connected to the Inter-State Transmission System (ISTS) with energy storage systems. This Build-Own-Operate (BOO) project includes an option to expand capacity by an additional 1,500 MW. The competitive bidding process ensured transparency and fairness. Designated by the Ministry of New and Renewable Energy (MNRE) as an intermediary procurer, SJVN facilitates the…

Power Sector News Roundup for November 21, 2024

Power Bytes

Global: Amazon invests in Greece’s largest wind energy project with three wind farms. China tightens solar PV investment guidelines to address overcapacity. SEC to build publicly owned renewable energy park in Horsham, Australia. Bekevar Wind Farm opens, providing 200 MW of renewable energy in Saskatchewan. Ofgem proposes £5-8 billion fund to accelerate UK energy transmission projects. TVA signs 10-year PPA for 14 GWh carbon-free energy with Smoky Hydro. Octopus Energy and Skyborn prequalified for French…

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ACME Sun Power secures Rs 37.53 billion loan from REC

India, News

ACME Sun Power, a subsidiary of ACME Solar Holdings, has secured a Rs 37.53 billion term loan from REC Limited to develop a 320 MW firm and dispatchable renewable energy (FDRE) project in collaboration with SJVN. The project aims to provide round-the-clock power, assisting distribution companies in meeting renewable purchase and energy storage obligations. Solar capacity will be developed in Jaisalmer, Rajasthan, while wind sites are planned in Bhuj and Jam Khambhaliya, Gujarat. A power…