BC Jindal Group has received the 150 MW Round-the-Clock (RTC) solar project in a reverse auction organized by SECI. SECI launched this project as part of its 1200 MW RTC renewable energy project tendered last November.
A total capacity of 150 MW has been assigned to the group at an agreed tariff of INR 5.07/kWh. A part of the project requires the group to build renewable energy power projects linked to the ISTS and create paths connecting them to the ISTS.
According to the terms, the BC Jindal Group will be in charge of land identification, installing the project, owning it, and getting all necessary permits, along with connecting it to ISTS for energy delivery to DISCOMS, tied up in the Power Purchase Agreement (PPA) managed by SECI.
“Securing the 150 MW-RTC project after competitive bidding is a reaffirmation of our unflinching commitment to delivering robust and reliable renewable energy solutions. This project win gives a big push to our goal of playing a key role in supporting India’s transition to clean energy and assisting the country in achieving its renewable energy target of 500 GW by 2030.”
-the spokesperson of BC Jindal Group.
The Jindal Group’s renewable energy business, JIRE, has recently been awarded a 300 MW solar plus storage project by state-owned SJVN. The project has been included in SJVN’s 1200 MW interstate transmission system-connected solar projects tender that also includes 600 MW/2400 MW of battery energy storage systems (BESS).
In addition, NHPC has given JIRE a Letter of Acceptance (LoA) for a 300 MW solar plus storage project. The project is included in NHPC’s 1200 MW ISTS-connected solar power scheme that consists of 600 MW/1200 MW energy storage.
“These project wins highlight the Group’s capabilities and expertise in implementing crucial projects across solar, wind, hybrid, RTC, and FDRE platforms,”
– the spokesperson.
The renewable energy sector will receive USD 2.5 billion in investment from the BC Jindal group over the next decade, as planned. The idea is to keep up with India’s power needs and lessen the risk of grid failures through improved energy storage batteries.
In addition, the group is developing a plant for making solar cells and modules in Maharashtra, aiming for an annual capacity of 2 GW through JIRE. The facility should be up and running by September 2026. JIRE is planning to grow its renewable energy assets by exploring expansion throughout India. Work on this expansion is planned for the next four years, and it will be funded by our own reserves and borrowing.
