The Indian president Droupadi Murmu will set a foundation stone for the 1 GW grid-connected solar power project in Rajasthan’s Bikaner district. The ground-mount solar project is being developed by SJVN Limited. SJVN has bagged the project through the tender floated by Indian Renewable Energy Development Agency Limited (IREDA) under the CPSU Phase-II, Tranche III scheme for the development of grid-connected solar PV power projects through a competitive bidding process based on VGF support. Tata Power Solar has been awarded the engineering, procurement, and construction contract for the solar project by SJVN.
The development cost of the project is estimated to be Rs 54.92 billion. It is expected to produce 2,454.55 million units of electricity in its first year of operation and approximately 56,838.32 million units over a period of 25 years. The project is expected to be completed by May 2024.
The IREDA signed a loan agreement for Rs 44.4471 billion with SJVN Green Energy Limited for a 1,000 MW solar power project at Bikaner, Rajasthan. The IREDA funded project will connect to the Bikaner-II 400/220 kV substation.
Recently in December 2022, SJVN Limited announced a joint venture with the Grid Corporation of Odisha (GRIDCO) to establish a 1,000 MW hydroelectric project and a 2,000 MW solar project worth Rs 200 billion. Both the companies have signed a Memorandum of Understanding in Bhubaneswar to form a joint venture company to develop hydro and solar projects.
Also, in November 2022, SJVN Limited commissioned a 75 MW solar power project at Parasan solar park in Uttar Pradesh. With this project achieving its commercial operation, the power producer’s installed generation capacity stands at 2,091.5 MW. The project has been developed at a cost of Rs 3.92 billion.
