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SJVN LIMITED — Capital/Financing Update 2021
Jun 15, 2021
58987_rns_2021-06-15_c048a589-a6f5-46ba-9c7a-1483af87bce2.pdf
Capital/Financing Update
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icfloiffis
(A Joint Venture of GOT & GOHP)
SJVN/CS/93/202 1
Date: 15/06/2021
NSE Symbol: SJVN-EQ BOLT SCRIP ID:SJVN,
SCRIP CODE: 533206
National Stock Exchange of India Limited Exchange Plaza Bandra Kurla Complex, Bandra East, Mumbai-400051, India. The Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbal 400 001, India.
Sir/Madam
Sub: In principle Approval to Procure 150 MW of Solar Power
In Compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, this is to inform you that 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.
Kindly take the above information on record and oblige.
Thanking you,
Yours fa hfully,
(Soumen ra Das) Company Secretary