Connect with us

Business

SJVN to supply 300 MW solar power to J&K from Rajasthan unit

Published

on

By

SJVN to supply 300 MW solar power to J&K from Rajasthan unit

New Delhi, Feb 26 (IANS) SJVN Limited’s subsidiary, SJVN Green Energy Limited, has signed a power usage agreement with Jammu & Kashmir Power Corporation Limited to supply 300 MW of solar power from its Bikaner Solar Power Project in Rajasthan. The project, costing Rs 5,491 crore, is set to be commissioned by July 2024.

Geeta Kapur, Chairperson & Managing Director of SJVN, stated that the Bikaner Solar Power Project is being developed under the IREDA scheme, with a capacity of 1,000 MW and adhering to the domestic content requirement mode. The power generated will be utilized by government entities directly or through discoms.

SJVN aims to set up 25,000 MW capacity by 2030 and 50,000 MW by 2040 in alignment with the Government of India’s target of generating 50% energy from non-fossil-fuel-based resources by 2030. This step signifies a commitment towards sustainable energy production and reducing reliance on traditional energy sources.

Advertisement

The signing of the power usage agreement marks a significant milestone for SJVN Limited and underlines its commitment to supporting renewable energy initiatives in line with national goals. The project in Rajasthan will play a crucial role in enhancing solar power generation capacity and diversifying the energy mix in the region.

With the commissioning of the Bikaner Solar Power Project, SJVN is poised to make a substantial contribution to the clean energy sector in the country, furthering the government’s agenda for a sustainable and environmentally-friendly energy landscape. The development of such projects reflects the growing focus on renewable energy solutions for meeting India’s power needs.

Advertisement

IANS, established in 1986, is India's largest independent news service, offering 24x7 news from India and South Asia, and a preferred source for diverse content across six business verticals.

x