In a regulatory filing, the power generation company said, “SJVN Green Energy, participated in the tariff based competitive bidding process for selection of wind power developers for setting up of 1,200 MW interstate transmission system (ISTS) connected wind power projects in India (Phase-XIV) conducted by Solar Energy Corporation of India (SECI) and bagged the full quoted capacity of 200 MW Wind Power Project at Rs 3.24 per unit on Build own and operate (BOO) basis.”

The power sell agreement (PSA) will be executed after issuance of letter of intent (LOI) from SECI, it added.

This wind power project shall be developed by SJVN Green Energy anywhere in India through EPC contract. Tentative cost of construction / development of this project is Rs 1,400 crore.

The project is expected to generate 578.16 MUs annually and the cumulative energy generation over a period of 25 years would be about 14,454 MU. The commissioning is scheduled within 24 months from the signing of the power supply agreement.

The commissioning of this project is expected to reduce 7,08,246 tonnes of carbon emission and would contribute in GoI mission of reduction in carbon emission.

SJVN is an Indian public sector undertaking having business interests in hydro, thermal, solar, wind and in power transmission & power trading. It is a joint venture between the Government of India and the Government of Himachal Pradesh.

The power generation company's consolidated net profit surged 129.77% to Rs 17.21 crore on 55.93% jump in revenue from operations to Rs 503.77crore in Q4 FY23 over Q4 FY22.