SJVN Ltd., a joint venture between the Government of India and the Government of Himachal Pradesh, has successfully secured a 100 MW wind power project in Gujarat, India. The project, which is expected to be commissioned by March 2024, is going to be located in the Kutch district of Gujarat. The project was awarded to SJVN Ltd. by the Solar Energy Corporation of India (SECI) through a competitive bidding process. The company bid for the project at a tariff of INR 2.77 (USD 0.034) per unit, which is one of the lowest tariffs for wind power across the country.

The project is going to be developed on a build-own-operate (BOO) basis, and the power generated is to be sold to SECI under a power purchase agreement (PPA) for a period of 25 years. The project is expected to generate approximately 365 million units of energy annually, which is going to help the government to meet the increasing demand for renewable energy across Gujarat.

Commenting on the development, Nand Lal Sharma, Chairman and Managing Director of SJVN Ltd., said, "We are delighted to have secured this project in Gujarat, which is a key state for the renewable energy sector in India. This project is aligned with our company's vision of becoming a leading player in the renewable energy sector in the country." Sharma added that the project will not only help the company in achieving its renewable energy targets but will also contribute to the national goal of achieving 175 GW of renewable energy capacity by 2022.

SJVN Ltd. has a portfolio of over 6,000 MW of hydropower projects and is also involved in the development of solar power projects. The company has been expanding its presence in the renewable energy sector, and recently secured a 100 MW solar power project in Dholera Solar Park in Gujarat.