Page 11 - AsiaElec Week 07 2022
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AsiaElec RENEWABLES AsiaElec
India’s SJVN to develop
10GW solar power
projects in Rajasthan
INDIA INDIAN power company Satluj Jal Vidyut Projects in Rajasthan as the state has the largest
Nigam (SJVN) has announced plans to develop solar power potential in the country. It receives
10GW of solar power projects in Rajasthan over the highest solar radiation (5.72 Kwh/m2/day)
the next five years. and also has the highest number of more than
The projects are estimated to require an 325 clear sunny days in a year. All these factors
investment of INR500bn ($6.67bn). SJVN has work in our favour of developing the Projects,”
submitted a letter of intent (LOI) to the Rajast- the company said. The Rajasthan projects will
han state government. help SJVN achieve its goals of 5GW by 2023,
SJVN plans to set up solar power projects or 25GW by 2030, and 50GW by 2040.
parks on land banks to be assigned by Rajasthan SJVN, founded in 1988, is a joint venture
Renewable Energy. The commercial production between the Indian and the Himachal Pradesh
of the projects will be phased and electricity pro- governments. It is a public sector undertaking
duced by the facilities will be transmitted via the mainly engaged in hydroelectric power gener-
nearest substations. ation and transmission.
The company plans to sign power purchase In September 2021, the company received a
agreements for the produced energy through 1GW solar power project contract in the bidding
competitive tariff-based opportunities present organised by Indian Renewable Energy Devel-
in the market. opment Agency (IREDA).
“SJVN has proposed to develop Solar Power
Week 07 16•February•2022 www. NEWSBASE .com P11
