Jindal India Renewable Energy (JIRE) has received a Letter of Acceptance (LoA) for a 300 MW solar plus storage project from NHPC, a state-owned power utility. The project, which will be executed on a Build-Own-Operate (BOO) basis, is set to be completed within 24 months of the Power Purchase Agreement (PPA) signing.
This project is part of NHPC’s ambitious 1200 MW inter-state transmission system-connected solar power initiative, which includes energy storage systems with a combined capacity of 600 MW/1200 MW. The Energy Storage System (ESS) will provide backup for two hours, delivering a total output of 1200 MW.
Jindal India Renewable Energy has been awarded the 300 MW capacity at a tariff of Rs 3.09 per kWh. Under the terms of the agreement, NHPC will purchase solar power from JIRE for a period of 25 years, distributing it to state utilities and other customers.
Jindal India Renewable Energy (JIRE) is a leading player in the renewable energy sector, focused on harnessing sustainable power sources to contribute to India’s growing energy needs. Part of the Jindal Group, JIRE is committed to driving the transition to cleaner energy through solar, wind, and other renewable energy solutions. The company aims to reduce the nation’s dependency on conventional fossil fuels by developing and operating large-scale renewable energy projects.
With a strong emphasis on innovation and sustainability, JIRE is involved in both the development and operation of renewable energy plants, ensuring a steady and environmentally friendly power supply. The company has made significant strides in solar power, with numerous solar parks and projects across India that are helping to meet the country’s ambitious renewable energy targets.
JIRE’s focus on green energy is aligned with India’s commitment to reducing carbon emissions and combating climate change. The company is working towards increasing its renewable energy capacity to support the country’s growing demand for clean energy. Through its efforts, Jindal India Renewable Energy is playing a crucial role in shaping a greener future while contributing to the national economy and helping India transition to a more sustainable energy landscape.
