SJVN achieves COD of 1,000 MW Bikaner Solar Power Project in Rajasthan

SJVN Ltd's wholly owned subsidiary i.e., SJVN Green Energy Limited (SGEL), has achieved the Commercial Operation Date (COD) of the 1,000 MW Bikaner Solar Power Project, marking the significant milestone in the Company's journey towards strengthening the nation's power generation capacity.

The 1,000 MW Bikaner Solar Power Project is located at Bikaner district of Rajasthan. This project will generate 2,454.55 million units of electricity in its first year of operation, and approximately 56,838 million units cumulatively over 25 years. The maximum usage charges have been fixed at ₹2.57 per unit, thereby contributing to the availability of affordable green power to consumers.

The project has been developed on 5,000 acres of outright-purchased land near Village Banderwala in Bikaner District, Rajasthan, one of the highest solar-yield regions in the country. The commissioning of this project contributes significantly towards achievement of the Government of India's target of 500 GW of renewable energy capacity by 2030.

The project is developed at the cost of ₹5,492 crore and has been executed under the Domestic Content Requirement (DCR) mode, utilizing domestically manufactured solar photovoltaic cells and modules, thereby supporting the Make in India initiative. In addition to supplying clean energy to the grid, the project will result in an estimated reduction of 27,85,077 tonnes of carbon emissions.

Shares of SJVN Limited was last trading in BSE at Rs. 74.96 as compared to the previous close of Rs. 75.29. The total number of shares traded during the day was 292763 in over 3350 trades.

The stock hit an intraday high of Rs. 75.73 and intraday low of 74.49. The net turnover during the day was Rs. 22000726.00.

Source : Equity Bulls

Keywords

SJVN INE002L01015 SJVNGreenEnergy COD