BVG India bags BOS order for 100 MW solar project of SJVN Green Energy

SJVN’s arm, SJVN Green Energy, has awarded a Rs 132.64 crore contract for a balance-of-system package for its 100 MW solar project in Punjab to BVG India.

The company’s wholly owned subsidiary, SJVN Green Energy Ltd (SGEL), has entered into an agreement for a balance-of-system (BOS) Package for a 100 MW solar project in Punjab, Nand Lal Sharma, Chairman and Managing Director of SJVN, said in a statement. The firm has entered into an agreement with BVG India Ltd—SGEL’s first awarded BOS contract —amounting to Rs 132.64 crores, it stated. The BOS encompasses all components of a photovoltaic system other than the photovoltaic panels. This includes wiring, switches, a mounting system, one or more solar inverters, a battery bank and a battery charger.

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The contract also includes operation and maintenance of the solar PV plant for three years. SJVN bagged the project through a tariff-based competitive bidding process on a build, own and operate (BOO) basis through e-reverse auction (e-RA) at a tariff of Rs 2.65 per unit. The commissioning of this project is expected to reduce 2,59,798 tonnes of carbon emissions and contribute to the government’s mission to reduce its carbon footprint. Sharma further said the tentative construction cost is Rs 545 crore.

The project is expected to generate 227 MU (million units) in the first year, while cumulative energy generation over 25 years would be around 5,302 MU. PSPCL and SJVN have already signed a Power Purchase Agreement (PPA) for 25 years. Manoj Kumar Negi, Deputy General Manager, SGEL, and Pankaj Dhingra, Director, BVG India, signed the Contract Agreement. SJVN has set a shared vision of adding 5,000 MW of capacity by 2023-24, 25,000 MW by 2030, and 50,000 MW by 2040.