Indian hydropower provider SJVN seeks partners to deploy 500 MW of solar
The projects, SJVN said, are expected to have a combined capacity of 500 MW. This represents half of the capacity the company intends to install in India by the end of fiscal year 2019-20.
The future joint venture, of which SJVN will hold a minimum equity share of 26%, will compete in tenders issued by Indian state-owned entities and utilities, the company stressed.
Interested developers must submit their bids by Jun. 14, 2017. Applicants as solar project developers must have commissioned at least cumulative 50 MW of grid-connected solar power projects in India or abroad, while PV manufacturers must have a production capacity exceeding 100 MW.
SJVN has not specified if the 500 MW is part of the 4 GW Ultra Mega Solar Power Project it proposed to build in joint venture with other Indian state-owned companies in Sambhar, in the state of Rajasthan. The first 1 GW phase of the project has an estimated total cost of Rs 7500 crore, ($1.1 billion), with Rs 2,000 Crores being funded by VGF (Viability Gap Funding).
The joint venture proposing the 4 GW project is formed by BHEL, SECI, SJVN, Power Grid, and SSL & REIL.
SJVN has currently a power generation capacity of 1.95 GW, of which 1.91 GW is represented by two hydropower plants with a combined capacity of 1.5 GW and 412 MW, respectively, and a 47.6 MW wind power plant.