Jindal India secures 300 MW solar project from NHPC

Jindal India Renewable Energy has received a Letter of Acceptance for a new solar power project. The project will generate 300 MW of solar energy combined with a storage system. It is part of an agreement with the state-owned company NHPC. The project will be built, owned, and operated by Jindal India Renewable Energy. It is expected to be completed within 24 months after the Power Purchase Agreement is signed. NHPC plans to use this project in its larger plan for a 1200 MW solar power system. Under the agreement, NHPC will buy solar power at a rate of Rs 3.09 per kilowatt hour. They will then sell this energy to state utilities. The energy storage system will provide 600 MW of battery backup for two hours. This ensures a steady power supply. Jindal India Renewable Energy is part of the BC Jindal Group. The group has evolved over time from a steel pipe manufacturer into a key player in the power industry.