NDMC to procure 150 MW of solar power from SJVN

NDMC (New Delhi Municipal Corporation) has conveyed it's in principle approval to SJVN to procure 150 MW of Solar Power from SJVN @ Rs. 2.44/kWh for 25 years under CPSU scheme.

The Indian Renewable Energy Development Agency (IREDA) has floated a tender for the setting up of 5000 MW of grid-connected solar power projects in India (Tranche Ill) under the Central Public Sector Undertaking (CPSU) program (Phase II) of grid-connected projects for self-use or use by government entities. It has maximum permissible limit for the viability gap funding (VGF) at 55 lakh/MW for the projects. SJVN plans to participate in this upcoming bidding opportunity for 1000 MW and has tied up with NDMC for procurement for power from its Solar Projects.

Shares of SJVN Ltd was last trading in BSE at Rs.29.3 as compared to the previous close of Rs. 29.3. The total number of shares traded during the day was 303581 in over 974 trades.

The stock hit an intraday high of Rs. 29.6 and intraday low of 28.35. The net turnover during the day was Rs. 8778412.

Source : Equity Bulls

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