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JBM Solar to commission power plant in Haryana by April

JBM Solar to commission power plant in Haryana by April

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JBM Solar(P) Ltd, part of the Gurgaon-based conglomerate JBM Group, will commission the “largest” solar power plant in Haryana by April 2016. With a total investment of Rs 120 crore, the solar power plant once commissioned, would have a capacity to produce 20 MW electricity.

“The plant will be commissioned in April 2016 and will be the largest on-ground solar power plant till date in Haryana,” a press statement said. The project was awarded to the company by the Haryana government in June last year with an aim to increase the share of renewable power in its total energy consumption, it said. JBM Group Chairman S K Arya today laid the foundation stone of the solar power plant at Barwas village in Bhiwani, Haryana.

This is the second solar power plant of JBM Group. Last year, the group had commissioned a 250-KW solar plant at the rooftop of India Habitat Center, New Delhi. JBM Group forayed into solar power generation in 2015 with plans to invest Rs 1,600 crore through its new entity JBM Solar Pvt Ltd. The company expects to have an installed capacity of 300 MW by 2018. JBM Solar is an independent power producer focusing on on-ground as well as rooftop projects.

Source:Moneycontrol
Anand Gupta Editor - EQ Int'l Media Network

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