Indian President Droupadi Murmu on Tuesday, 3rd January ’23, laid the foundation stone of a 1 GW solar project in Rajasthan. The project is being implemented by SJVN Green Energy Limited (SGEL), a subsidiary of the state-owned hydroelectric power generation organization SJVN.
“The project is scheduled to be commissioned by March 2024. After commissioning this project will generate 2454.55 million units in the first year and approximately 56838 MU would be generated on a cumulative basis over a period of 25 years,” says Mr. Nand Lal Sharma, Chairman of SJVN.
According to the official statement, SJVN had won the tender for Bikaner project under Central Public Sector Undertaking Scheme Phase-II, Tranche-III. The power generated would be for self-consumption or be used by government entities.
The solar power plant is being developed over a 5000-acre land space near Bandarwala village in Bikaner. The region is known for receiving abundant sunshine.
The estimated cost of the project is around ₹5500 crores. Moreover, the Indian Renewable Energy Development Agency Limited (IREDA) will provide a viability gap funding support of ₹44.72 lakh/ MW to aid the development of the plant.
The maximum usage charge for the electricity generated by the plant is fixed at ₹2.57/unit, to provide cheaper electricity to consumers.
The plant will prevent approximately 27, 85,077 tonnes of carbon emissions and will create 150-200 direct and 800-1000 indirect employment opportunities. Mr. Nand Lal Sharma further states that the massive project would not only stimulate the local economy and lead to development in the area but also help the Indian government to achieve the 500GW renewable energy target.
The solar power plant will be engineered and constructed by Tata Power Solar.
Rajasthan is now the top solar-powered state in India, with an installed solar capacity of 14.5 GW. In recent years, the state has witnessed major investments in the renewable energy space.
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Resource: LiveMint
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