Prime Minister Narendra Modi will lay the foundation stone of NLC’s 300 MW solar power plant in Rajasthan today. NLC India Ltd, a mining company under India’s Ministry of Coal, is establishing the 300 MW solar power project in Barsingsar, Bikaner district, as part of the Ministry of New & Renewable Energy’s Central Public Sector Undertaking (CPSU) Scheme. The project is being set up with an investment of over INR 1,756 crore ($211.46 million) to supply affordable power to government entities.
The Barsingsar project is equipped with cutting-edge technology, including high-efficiency bifacial modules manufactured in India. It is expected to produce around 750 million units of green power annually, offsetting carbon dioxide emissions by approximately 18,000 million metric tons over its lifetime.
The electricity generated will be transmitted through the pre-existing power transmission lines of Barsingsar Thermal Power Station.
The power usage agreement for the project has been inked with Rajasthan Urja Vikas Nigam Ltd at a competitive tariff of INR 2.52/kWh for the next 25 years. The project is slated for commissioning by September 2024. It is estimated to create employment for around 600 individuals indirectly during the project phase and 100 personnel during the operations and maintenance phase.
Under the Central Public Sector Undertaking (CPSU) Scheme Phase-II (Government Producer Scheme), the government targets setting up of 12 GW of grid-connected solar power projects through the government producers with viability gap funding support for self-use or use by government/ government entities, either directly or through electricity distribution companies.
NLCIL claims to the first CPSE to hit 1 GW solar capacity milestone in the country. The company has secured a 300 MW solar project capacity in the CPSU Scheme Phase-II Tranche-III floated by Indian Renewable Energy Development Agency (IREDA) through competitive bidding.
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