SJVN Achieves COD of 75 MW Jamui Solar Power Project in Bihar

Sh. Bhupender Gupta, Chairman & Managing Director, SJVN has informed that SJVN has successfully achieved Commercial Operation Date (COD) of the 75 MW Jamui Solar Power Project in Jamui District of Bihar. The project has been executed through wholly owned subsidiary, SJVN Green Energy Limited (SGEL) marking another significant milestone in company's renewable energy journey.

Sh. Ajay Sharma, Director (Personnel), SJVN, informed that the 75 MW project is expected to generate approximately 90 million units of electricity during its first year of operation and around 3,522 million units cumulatively over a period of 25 years. The project has been developed over approximately 300 acres of outright-purchased land near Village Hadhadiya, Kakanchaur, in Jamui District of Bihar, at an estimated project cost of ₹1,342 crore.

Sh. Parthajit De, Director (Finance), SJVN, stated that the tariff for the power generated from the project has been fixed at ₹2.96 per unit. The competitive tariff will facilitate the availability of affordable and clean green power to consumers. The electricity generated from the project will be supplied to the State of Bihar.

Sh. Rajesh Chandel, Director (Projects), SJVN, informed that the project has also contributed to employment generation and local economic development. It has created approximately 15-20 direct employment opportunities and around 5,100 indirect employment opportunities, thereby contributing to the creation of green jobs and providing an economic impetus to the local community.

The commissioning of the project is also a significant contribution towards the Government of India's target of achieving 500 GW of renewable energy capacity by 2030. Besides supplying clean energy to the grid, the project is estimated to reduce approximately 82,250.74 tonnes of carbon emissions, thereby supporting the country's decarbonisation objectives and climate commitments.

The 75 MW Jamui Solar Power Project has been developed pursuant to the tender floated by the Bihar Renewable Energy Development Agency (BREDA), Government of Bihar. The successful commissioning of the project further reinforces SGEL's commitment to developing renewable energy projects across the country and advancing SJVN's vision of becoming a leading renewable energy company.

With the commissioning of the Jamui Solar Power Project, SJVN continues to expand its renewable energy footprint and contribute towards building a cleaner, greener and more sustainable energy future for India.

Shares of SJVN Limited was last trading in BSE at Rs. 67.33 as compared to the previous close of Rs. 67.92. The total number of shares traded during the day was 192384 in over 2758 trades.

The stock hit an intraday high of Rs. 68.27 and intraday low of 67.00. The net turnover during the day was Rs. 13003288.00.

Source : Equity Bulls

Keywords

SJVN INE002L01015 COD 75MW