SJVN Secures Green Financing Loan
Government-owned SJVN has secured a green financing loan of 9. 15 billion 111. 2 million from the Japan Bank for International Cooperation JBIC to construct two solar power projects in India.
- The first project is the 90 MW Omkareshwar Floating Solar Power Project in Madhya Pradesh.
- The second project is the 100 MW Raghanesda Solar Power Project in Gujarat.
- The combined estimated cost of these projects is 12.
SJVN aims to achieve a generation capacity of 25 GW by 2030, with more than half of the capacity expected to come from solar and wind energy resources. The company has expressed its interest in working with JBIC for GREEN financing in the near future.
The two projects that are currently being financed by JBIC, the Omkareshwar floating solar project in Madhya Pradesh and the Raghanesda solar project in Gujarat, are scheduled to be commissioned in 2023 and are expected to generate around 450 MU of electricity in the first year of operation.
JBIC will provide 60 of the debt financing for these projects, while the remaining balance will be covered by Japanese commercial banks, namely MUFG Bank and San-in Godo Bank.
SJVN and JBIC have recently signed a Facility Agreement under JBICs Global Action for Reconciling Economic Growth and Environmental Preservation GREEN program. SJVN has set a target of generating 25 GW of power by 2030, with over 50 coming from solar and wind sources.
Continuing the achievement of the journey of effectiveness and credibility of more than 10 years in the career of journalism, as a woman journalist, I am Serving as the founder, promoter and editor of DiaryTimes with the trust and support of all. My credible coverage may not have given a big shape to the numbers, but my journey presents articles that make you aware of the exact and meaningful situations of Himachal’s politics, ground issues related to the public, business, tourism and the difficult geographical conditions of the state and financial awareness. DiaryTimes, full of the experience of my precise editorial expertise, is awakening the flame of credible journalism among all of you, so that the eternal flame of meaningful change can be lit in the life of the people of the state and the atrocities being committed against the people can be brought to the fore, I am motivated for that. If even a small change comes with the power of my journalism and the whole world becomes a witness to that issues, then I will consider myself fortunate.
