State-owned SJVN bags Rs 70 bn Solar Contract from PSPCL
POWER & RENEWABLE ENERGY

State-owned SJVN bags Rs 70 bn Solar Contract from PSPCL

State-owned SJVN announced that it secured a significant contract from Punjab State Power Corporation (PSPCL) for the development and procurement of 1,200 MW of solar power, requiring an investment of Rs 70 billion.

According to the company's statement, the subsidiary SJVN Green Energy (SGEL) will undertake the development of a 1,000 MW solar project anywhere in the country, while the remaining 200 MW will be developed within the state of Punjab.

The Letter of Intent (LOI) has already been received by SJVN from PSPCL for the procurement of 1,200 MW of solar power. Under the terms of the agreement, PSPCL will purchase 1,000 MW of energy produced from anywhere in India at a tariff of Rs 2.53 per unit, while the 200 MW generated within Punjab will be procured at a slightly higher tariff of Rs 2.75 per unit.

The development of these solar projects will involve an estimated investment of approximately Rs 70 billion, and they will be executed on a Build Own and Operate (BOO) basis.

The projects are expected to be commissioned within 18 months from the date of signing the power purchase agreement (PPA) and are slated for completion by the end of the following year. The PPA, with duration of 25 years, will soon be finalised and signed between PSPCL and SGEL. 

State-owned SJVN announced that it secured a significant contract from Punjab State Power Corporation (PSPCL) for the development and procurement of 1,200 MW of solar power, requiring an investment of Rs 70 billion.According to the company's statement, the subsidiary SJVN Green Energy (SGEL) will undertake the development of a 1,000 MW solar project anywhere in the country, while the remaining 200 MW will be developed within the state of Punjab.The Letter of Intent (LOI) has already been received by SJVN from PSPCL for the procurement of 1,200 MW of solar power. Under the terms of the agreement, PSPCL will purchase 1,000 MW of energy produced from anywhere in India at a tariff of Rs 2.53 per unit, while the 200 MW generated within Punjab will be procured at a slightly higher tariff of Rs 2.75 per unit.The development of these solar projects will involve an estimated investment of approximately Rs 70 billion, and they will be executed on a Build Own and Operate (BOO) basis.The projects are expected to be commissioned within 18 months from the date of signing the power purchase agreement (PPA) and are slated for completion by the end of the following year. The PPA, with duration of 25 years, will soon be finalised and signed between PSPCL and SGEL. 

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?