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					</table><p>SJVN Green Energy, a wholly-owned subsidiary of <a href="https://sjvn.nic.in/" target="_blank" rel="noopener">SJVN</a>, has won the contract to develop three solar power projects of a cumulative capacity of 320 MW from Assam Power Distribution Corporation (<a href="https://www.apdcl.org/website/" target="_blank" rel="noopener">APDCL</a>).</p>
<p>The estimated cost of the projects is ₹19 billion (~$229.87 million).</p>
<p>APDCL had floated the tenders for <a href="https://www.mercomindia.com/assam-discom-issues-rfs-to-procure-50-mw-solar-power" target="_blank" rel="noopener">50 MW</a>, <a href="https://www.mercomindia.com/assam-discom-bids-70-mw-solar" target="_blank" rel="noopener">70 MW</a>, and <a href="https://www.mercomindia.com/assam-discom-procure-200-mw-solar" target="_blank" rel="noopener">200 MW</a> solar projects in February this year and had set a ceiling tariff of ₹4 (~$0.0484)/kWh.</p>
<p>The 50 MW and 70 MW solar projects will be developed under the solar park category in Dhekiajuli and Dhubri, respectively, and have been allotted a tariff of ₹3.92 (~$0.0474)/kWh.</p>
<p>The third project of 200 MW capacity can be developed anywhere in Assam and will supply power at ₹3.90 (~$0.0472)/kWh.</p>
<p>The projects will be developed on a build, own, and operate basis and are expected to generate a cumulative 628 million units of electricity in the first year and a cumulative 14,591 million units over the 25-year power purchase agreement (PPA) period with APDCL.</p>
<p>SJVN Green Energy must complete the projects within 18 months of signing the PPA, with an expected commission date of March 2025. They must also provide five years of comprehensive operation and maintenance services.</p>
<p>The projects are expected to reduce ~714,000 tons of carbon emissions over its life.</p>
<p>SJVN must remit ₹2.02 million (~$24,438)/ MW as a performance bank guarantee for each of the projects.</p>
<p>They must also maintain the declared capacity utilization factor for these projects at 16.21% per annum.</p>
<p>In March this year, the Assam Cabinet gave an in-principle <a href="https://www.mercomindia.com/assam-approves-620-mw-renewable-energy-projects" target="_blank" rel="noopener">approval</a> for setting up 620 MW of renewable energy projects under a joint venture between the Assam Power Generation Corporation and Oil India.</p>
<p>In October last year, SJVN Green Energy <a href="https://www.mercomindia.com/sjvn-to-develop-1-gw-of-solar-projects-in-assam" target="_blank" rel="noopener">signed</a> a memorandum of understanding with APDCL to invest ₹60 billion ($725.92 million) for developing 1,000 MW of floating solar projects in the state.</p>
<p>Recently, SJVN Green Energy also <a href="https://www.mercomindia.com/sjvn-bags-%e2%82%b970-billion-contract-1-2-gw-solar-projects" target="_blank" rel="noopener">received</a> a letter of intent from the Punjab State Power Corporation to develop 1,200 MW solar power projects.</p>
<p>Subscribe to Mercom’s <a href="https://www.mercomindia.com/product/india-solar-tender-tracker" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of real-time tender and auction activity.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/satish-shetty/" class="vcard author" rel="author"><span class="fn">Satish Shetty</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Satish-pic-1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Satish Shetty,</strong> Associate Editor at Mercom India<br />
<a href="https://mercomindia.com/author/satish-shetty/" target="_blank" rel="noopener">More articles from Satish Shetty.</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Satish-pic-1.jpg" width="102" height="102" /><a href="https://mercomindia.com/author/satish-shetty/" target="_blank" rel="noopener"><strong style="color: #00b451">Satish Shetty</strong></a> is an Associate Editor with Mercom India. Prior to Mercom, Satish was a multimedia news producer at Reuters, where he gained experience in digital news media. Satish has his Bachelor of Arts (B.A.) degree in Broadcast Journalism from Limkokwing University of Creative Technology, Malaysia.<br />
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SJVN Bags Contract to Develop 320 MW Solar Projects in Assam


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					</table><p>Engineering and consulting firm <a href="https://www.gensol.in/" target="_blank" rel="noopener">Gensol Engineering</a> has been awarded the engineering, procurement, and construction (EPC) contract by the Damodar Valley Corporation (<a href="https://www.dvc.gov.in/" target="_blank" rel="noopener">DVC</a>) for an 8 MW ground-mounted solar power project in Panchet town of Dhanbad district in Jharkhand.</p>
<p>The company will also oversee the project’s operation and maintenance for five years.</p>
<p>Gensol won the project by quoting ₹476 million (~$5.76 million) in the e-reverse auction.</p>
<p>The company must now submit a performance security amount equivalent to 5%-10% of the contract value.</p>
<p>In addition to the performance security, retention money equivalent to 5% of each running bill will be withheld by DVC until final acceptance to ensure the completion of the project.</p>
<p>Gensol must commission the project within nine months of receiving the letter of award.</p>
<p>DVC had <a href="https://www.mercomindia.com/damodar-valley-corp-8-mw-solar-project-jharkhand" target="_blank" rel="noopener">floated</a> the tender for the project in February 2023, outlining the mandate of using monocrystalline solar photovoltaic technology with a fixed tilt configuration.</p>
<p>Gensol will be responsible for supplying solar modules, mounting structures, string combiner boxes, power conditioning units, inverters, and all the necessary equipment required to construct a 33 kV bay at the existing 132/33 kV Panchet Hydel Station switchyard.</p>
<p>It must also ensure that vendors provide a guarantee for the materials and equipment for 18 months from the date of delivery or 12 months from the date of commissioning, whichever is earlier.</p>
<p>It had been specified that the modules used in the project must be warranted with a linear degradation rate of power output except for the first year and guarantee a minimum of 80% of the initial rated power output at the end of 25 years from the date of successful commercial operation.</p>
<p>The project will be Gensol’s second ground-mount project and, overall, third for DVC. Gensol had commissioned a 10 MW ground-mount solar power project in Koderma, Jharkhand, and a 30 MW floating solar power project at multiple locations in Jharkhand and West Bengal.</p>
<p>In June 2023, Gujarat-based Param Renewable Energy, the operation and maintenance (O&amp;M) arm of Gensol, was <a href="https://www.mercomindia.com/param-renewable-wins-indian-oils-auction-5-mw-solar-project" target="_blank" rel="noopener">awarded</a> a contract by the Indian Oil Corporation for the O&amp;M of a 5 MW solar power project located at IOCL’s Rawra facility in the Jodhpur district of Rajasthan for three years.</p>
<p>Subscribe to Mercom’s <a href="https://www.mercomindia.com/product/india-solar-tender-tracker" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of the real-time tender and auction activity.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/satish-shetty/" class="vcard author" rel="author"><span class="fn">Satish Shetty</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Satish-pic-1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Satish Shetty,</strong> Associate Editor at Mercom India<br />
<a href="https://mercomindia.com/author/satish-shetty/" target="_blank" rel="noopener">More articles from Satish Shetty.</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Satish-pic-1.jpg" width="102" height="102" /><a href="https://mercomindia.com/author/satish-shetty/" target="_blank" rel="noopener"><strong style="color: #00b451">Satish Shetty</strong></a> is an Associate Editor with Mercom India. Prior to Mercom, Satish was a multimedia news producer at Reuters, where he gained experience in digital news media. Satish has his Bachelor of Arts (B.A.) degree in Broadcast Journalism from Limkokwing University of Creative Technology, Malaysia.<br />
<a href="https://mercomindia.com/author/satish-shetty/" rel="noopener noreferrer">More articles from Satish Shetty.</a></div>
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Gensol Wins EPC Contract for Damodar Valley Corporation’s 8 MW Solar Project

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