SJVN Launches Tender To Acquire Hydro/Solar Projects

To Expand Geostrategic Reach, Indian Hydroelectric Power Generator SJVN Looking To Acquire Solar & Hydro Power Projects In India
10:02 PM (Beijing Time) - 30. July 2020
Presentation1

A week after Indian national utility NTPC said it wants to acquire 1 GW of operational solar power capacity in India, another Indian government backed entity, SJVN has issued a call to acquire hydro and solar power projects. (Photo Credit: NTPC Ltd.)

Key Takeaways

  • SJVN has issued a call to acquire solar and hydro power assets in India and is looking for eligible projects
  • Such projects can be at various stages of operation and maintenance, construction, survey and investigation with all regulatory approvals in place
  • The EOI is addressed to IPPs, power generation companies, power plant developers, state electricity boards, lenders, among others
  • Last date of bid submission to the EOI is August 31, 2020

Indian hydroelectric power generation company SJVN Limited wants to acquire solar and hydro power projects in India for which it has issued an expression of interest (EOI) addressing independent power producers (IPP), power generation companies, power plant developers, state electricity boards, lenders, and others.

Eligible projects can be at various stages of operation and maintenance, construction, survey and investigation with all regulatory approvals in place. It doesn’t specify any capacity requirement.

This proposed acquisition is expected to enable SJVN expand its geostrategic reach in a bid to become a 25 GW power producing company by 2040. Currently, it has over 2 GW of installed capacity comprising more than 1.9 GW of hydropower assets, 97.6 MW of wind power and 5.6 MW of solar power capacity as Charanaka Solar Plant.

Last date of bid submission to the EOI is August 31, 2020 with bids to be opened next day on September 1, 2020, as per the EOI issued.

A joint venture between the Government of India and the State Government of Himachal Pradesh, SJVN recently solicited interest from solar EPC players for a 100 MW AC PV Project in Dholera Solar Park (Phase IX) in Gujarat (see EPC Tender For 100 MW AC Solar Project In India).

Last week, another government backed entity, the National Thermal Power Corporation (NTPC) sought bids to acquire a minimum of 1 GW of operational solar power capacity in India (see NTPC Wants To Acquire 1 GW Operational PV Projects).

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani