SJVN signs PPA with BBMB for solar project development

SJVN Green Energy Limited has signed a PPA with the Bhakra Beas Management Board (BBMB) for the development of an 18 MW solar pow­er project in Himachal Pradesh and Punjab. The project has been secured through the open competitive bidding process, with a tariff of Rs 2.63 per unit in a reverse auction organised by the Punjab Energy Develop­ment Ag­en­cy.  In its initial year of operation, the project is projected to generate 39.42 MUs of energy, and its cumulative energy generation over 25 years is estimated to be 917 MUs. The project is anticipated to reduce carbon emissions by 44,923 tonnes and is scheduled to be commissioned by August 2024.