SJVN Achieves Commercial Operation for 1,000 MW Bikaner Solar Project
SJVN Limited's subsidiary has achieved Commercial Operation Date for its 1,000 MW Bikaner Solar Power Project in Rajasthan. The project, costing ₹5,492 crore, will generate 2,454.55 million units in the first year and reduce carbon emissions by 27,85,077 tonnes.
The commissioning of a 1,000 MW solar power project represents a substantial addition to the company's renewable energy portfolio and contributes significantly to national energy targets, impacting its revenue and market position.
The company has achieved a significant milestone with the commencement of commercial operations for a large solar power project, which is expected to contribute positively to renewable energy capacity and carbon emission reduction.
SJVN Limited announced that its wholly-owned subsidiary, SJVN Green Energy Limited (SGEL), has achieved the Commercial Operation Date (COD) for the 1,000 MW Bikaner Solar Power Project in Rajasthan.
This significant milestone project, located in the Bikaner district, is spread across 5,000 acres of purchased land. It is anticipated to generate 2,454.55 million units of electricity in its first year and approximately 56,838 million units cumulatively over 25 years. The usage charges are capped at ₹2.57 per unit, aiming to provide affordable green power.
The project was developed at a cost of ₹5,492 crore under the Domestic Content Requirement (DCR) mode, utilizing domestically manufactured solar photovoltaic cells and modules, aligning with the 'Make in India' initiative. The commissioning of this project is expected to reduce carbon emissions by an estimated 27,85,077 tonnes and contributes towards the Government of India's target of 500 GW renewable energy capacity by 2030.
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SJVN Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. 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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