NEW DELHI: Shares of SJVN rose about 2 for each cent on Monday following the corporation reported it has bagged a 100 megawatts solar ability job in Dholera Solar Park.
The stock was up 2.24 per cent at Rs 22.85 on BSE.
“SJVN has participated in an open bidding process for allotment of 100 MW in Dholera Solar Park, Gujarat and bagged the quoted capacity of 100 MW at Rs 2.80/Unit on Develop Possess and Function (BOO) basis,” said the firm.
The tentative charge of development/advancement of this job is Rs 450 crore, the condition-operate corporation said in a regulatory filing.
The venture is predicted to make 244 MU/12 months and Ability Invest in Settlement (PPA) shall be signed between GUVNL and SJVN for 25 many years. This 100 MW Solar Plant is predicted to be commissioned by March 2022.
As for each stories, Dholera Photo voltaic Park is a 5GW solar power undertaking remaining created in two phases roughly 80 km from Ahmedabad, Gujarat, India.
Gujarat Urja Nigam Confined (GUVN) has been producing the venture through community-personal partnership (PPP).