PM Modi Lays Foundation for SJVN's 200 MW Khavda Solar Project in Gujarat
The project involves a substantial capital expenditure of ₹866.8 crore and a long-term power purchase agreement, which will significantly impact SJVN's generation capacity and financial performance. Furthermore, it plays a crucial role in India's national renewable energy and net-zero emission goals, making it a high-impact development.
The announcement describes the laying of the foundation stone for a significant 200 MW solar power project, indicating a new investment, future revenue generation through a 25-year power purchase agreement, and a positive contribution to renewable energy targets and carbon emission reduction.
* On 20 September 2025, Hon'ble Prime Minister Shri Narendra Modi virtually laid the foundation stone for SJVN's 200 MW Solar Power Project (GUVNL Phase – XVII, Khavda Solar Park) in Khavda, Gujarat. * The project is located within the Khavda Solar Park, being developed by Gujarat State Electricity Corporation Limited (GSECL) in the Kachchh district. * Power generated from the project will be supplied to Gujarat Urja Vikas Nigam Limited (GUVNL) for 25 years at a tariff of ₹2.88 per unit. * The estimated cost for building this project is about ₹866.8 crore. * It is projected to generate 504.92 million units (approximately 50.49 crore units) of electricity in the first year and a cumulative 11,620 million units (approximately 1162 crore units) over 25 years. * The project is anticipated to reduce carbon emissions by about 5,69,250 tonnes over its 25-year lifespan and is scheduled to be commissioned by 31st December 2026. * This initiative contributes to India’s commitment to achieving 500 GW of renewable energy capacity by 2030 and Net Zero emissions by 2070, while also creating employment opportunities and utilizing arid land for clean power generation.
What to do with a filing like this
SJVN Limited filed this with the NSE as a statutory disclosure, categorised under capex. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by SJVN Limited. Read the original for the full detail.