Bikaner Solar Power Project to Boost India’s Renewable Energy
President Droupadi Murmu virtually laid the foundation stone for the 1,000 MW Bikaner Solar Power Project on Tuesday in Jaipur, Rajasthan. The project is being implemented by state-owned energy firm SJVN Limited through its subsidiary, SJVN Green Energy Limited (SGEL), and is being developed on 5,000 acres of outright purchased land near the village of Banderwala, district Bikaner in Rajasthan.
Details of the Project
The project is expected to be commissioned by March 2024 and will generate approximately 2454.55 million units in the first year, with a cumulative total of 56838 MU over 25 years. The maximum usage charges have been set at Rs. 2.57 per unit, which will provide cheaper electricity to consumers. In addition to helping the government achieve its renewable energy target of 500 GW by 2030, the project will also reduce carbon emissions by 27,85,077 tones.
The project is expected to create direct and indirect employment for 150-200 and 800-1000 people, respectively, and will stimulate the local economy and create green jobs. The project will also utilize domestically manufactured solar photovoltaic cells and modules, supporting the “Make in India” initiative.
Funding and Implementation:
The development cost of the project is ₹5492 crores, with viability gap funding support of ₹44.72 lakh per megawatt provided by IREDA. SJVN has been awarded the 1,000 MW Bikaner Solar Power Project under the Central Public Sector Undertaking Scheme Phase-II, Tranche-III (Government Producer Scheme) through competitive bidding. The power generated by the project will be for self-use or use by the government or government entities, either directly or through distribution companies (DISCOMS).
SJVN is a leading CPSE under the Ministry of Power with a total project portfolio of approximately 45,000 MW. The company is currently developing 73 hydro, solar, wind, and thermal projects in 13 states in India and in Nepal.
Category: States Current Affairs