SJVN, formerly known as Satluj Jal Vidyut Nigam, witnessed a robust surge of more than 2 percent in trading on November 17, fueled by the signing of a significant Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). As of 12:25 pm, SJVN’s stock was trading at ₹76.60, marking a 1.86% uptick on the NSE.
The government-owned hydroelectric power generation and transmission company, SJVN Limited, announced on November 16 that it has formalized a PPA with SECI for a substantial 200-MW grid-connected wind power project. The estimated cost of the venture is pegged at Rs 1,400 crore. Anticipated to be completed by November 2025, within 24 months of the PPA’s effective date, the project holds significant promise.
According to SJVN’s press release, the wind power project aims to generate 482 million units in the first year post-commissioning. Over the course of a 25-year period, the total projected energy generation is an impressive 12,050 million units, further underlining the strategic significance of this collaboration between SJVN and SECI.
