SJVN Achieves Commercial Operation Date for 75 MW Jamui Solar Power Project in Bihar
SJVN Limited has announced that it has successfully achieved the Commercial Operation Date (COD) of its 75 MW Jamui Solar Power Project, located in District Jamui, Bihar. This milestone was reached through the project's wholly owned subsidiary, SJVN Green Energy Limited (SGEL), marking a significant advance in the company's renewable energy portfolio.The project required developing approximately 300 acres of outright-purchased land near Village Hadhadiya and Kakanchaur in Jamui District. The estimated cost for the development of the solar power facility was ₹ 342 crore.
Project Specifications and Financial Details
SGEL is expected to make substantial contributions to the state's energy supply. The project is projected to generate approximately 90 million units of electricity during its first year of operation, with a cumulative generation estimated at around 3,522 million units over 25 years.The tariff for the power generated from the Jamui Solar Power Project has been fixed at ₹2.96 per unit. The clean green power generated by the facility will be supplied to the State of Bihar, facilitating the availability of affordable energy for consumers.
| Metric | Detail |
|---|---|
| Project Capacity | 75 MW |
| Location | Jamui District, Bihar |
| Estimated Project Cost | ₹ 342 crore |
| Tariff Fixed | ₹2.96 per unit |
Economic and Environmental Impact
The commissioning of the solar project extends beyond energy generation by contributing significantly to local economic development and employment. The project has generated an estimated 15 to 20 direct employment opportunities, along with between 50 and 100 indirect employment opportunities, thus supporting the creation of green jobs within the community.Furthermore, this initiative supports national climate goals. The facility is estimated to reduce approximately 82,250.74 tonnes of carbon emissions, aiding India's decarbonisation objectives. This accomplishment contributes towards the Government of India's target of achieving 500 GW of renewable energy capacity by 2030.
The successful commissioning of the 75 MW Jamui Solar Power Project reinforces SGEL’s commitment to developing diverse renewable energy projects across India and advancing SJVN’s vision as a leading entity in the sector.
SJVN Stock Price Movement
As of 12:22 PM, shares of SJVN Limited are slipping by 0.15% in live trading, currently priced at ₹67.14 as traders track the movement. The stock maintains tight intraday volatility, having ranged between a low of ₹66.96 and a high of ₹67.47 during morning sessions.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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