NHPC plans to establish a 1,200 MW solar park in Jalaun, Uttar Pradesh, with an estimated investment of ₹796.9 crore, under the “Ultra Mega Renewable Energy Power Parks” scheme NHPC Limited, a leading public sector hydropower company, has announced plans to develop a 1,200 megawatt (MW) solar park in Pradesh’s.
Project Overview
The proposed solar park will be developed by Bundelkhand Saur Urja Limited (BSUL), a wholly-owned subsidiary of NHPC. BSUL is a joint venture between NHPC and the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA). The project falls under Mode 8 of the Ministry of New and Renewable Energy’s (MNRE).
Ultra Mega Renewable Energy Power Parks (UMREPP) scheme, designed to facilitate large-scale renewable energy projects through public-private partnershipsThe total investment includes ₹42.69 crore allocated for interest during construction (IDC). NHPC will contribute ₹239.09 crore in equity to BSUL for the project’s development
Strategic Significance
The solar park is expected to play a crucial role in enhancing Uttar Pradesh’s land, making it an renewable energy infrastructure. By generating clean energy, the project aims to reduce the state’s carbon footprint and contribute to India’s broader goal of achieving 500 GW of non-fossil fuel-based energy capacity by land, making 2030.
Implementation and Timeline
NHPC anticipates completing the solar park within two years. The project will involve the development of essential infrastructure, including roads and street illumination, The selection of Jalaun district for this project is strategic, given its high solar land, making it an irradiance and availability of land, making it an ideal location for solar.
Financial Strategy
To finance the project, NHPC plans to raise funds through the issuance of energy promises to stimulate economic generation to support the solar installations unsecured, redeemable, taxable, non-convertible, non-cumulative bonds (AF-Series) up to ₹2,000 crore via private NHPC’s Renewable Energy Initiatives Developments.
NHPC’s initiative to develop a 1,200 MW solar park in Uttar Pradesh underscores the company’s commitment to expanding India’s renewable energy portfolio. This placement. NHPC’s Renewable Energy Initiatives and Developments project not only aligns with national clean energy targets but also promises to stimulate economic.
NHPC Limited, India’s premier hydropower company, has announced plans to develop a 1,200 megawatt (MW) solar park in Uttar Pradesh’s Jalaun district, with an estimated investment of ₹796.96 crore. This initiative aligns with India’s commitment to expanding its renewable energy capacity and reducing carbon.
Project Overview
The proposed solar park will be executed by Bundelkhand Saur Urja Limited (BSUL), a joint venture between NHPC and the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA). The project is part of the Ministry of New and Renewable Energy’s (MNRE) Ultra Mega Renewable Energy Power Parks (UMREPP) scheme, specifically under Mode 8, which focuses on large-scale renewable energy.
Strategic Significance
The solar park is expected to generate approximately 2,996 million units (MU) of electricity annually, significantly enhancing Uttar Pradesh’s renewable energy India’s infrastructure. By generating clean energy, the project aims to reduce the state’s carbon footprint and contribute to India’s broader goal of achieving 500 GW of non.
Financial Strategy
To finance the project, NHPC plans to raise funds through the issuance of and project-based funding needs unsecured, redeemable, taxable, non-convertible, non-cumulative bonds (AF-Series) up to ₹2,000 crore via private placement. This bond issue is part of NHPC’s borrowing plan for the financial year 2025–26 and intended.
NHPC’s initiative to develop a 1,200 MW solar park in Uttar Pradesh underscores the company’s commitment to expanding India’s renewable energy portfolio. This project not only aligns with national clean energy targets but also promises.
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