BC Jindal Group owned Jindal India Renewable Energy (JIRE) has won a 300 MW battery energy storage systems (BESS) project from state-owned SJVN. This project is part of SJVN’s 1200 MW inter-state transmission system-connected solar power tender, which includes 600 MW of BESS.
JIRE won the bid for 300 MW at a tariff of ₹3.32/kWh, and the project will be developed on a build-own-operate (BOO) basis. The project must be completed within 24 months from the signing of the Power Purchase Agreement (PPA).
SJVN will enter into a 25-year agreement with JIRE, purchasing solar power to sell to utilities and other buyers.
JIRE will deploy an energy storage system (ESS) with a minimum capacity of 0.5 MW/2MWh per 1 MW of contracted capacity. Earlier, JIRE also received a Letter of Acceptance (LoA) for a similar 300 MW solar-plus-storage project from NHPC, another energy central government owned PSU.
JIRE said in a statement, “Winning this project reaffirms JIRE’s ability to deliver scalable and clean energy solutions. It strengthens the growing trust in our capabilities and reinforces our commitment to delivering firm, clean power that supports India’s energy transition. We remain focused on expanding our capacity to 5 GW in the coming years across solar, wind, hybrid, RTC, and FDRE platforms.”
JIRE plans to invest close to $2.5 billion in the renewable energy sector over the next few years, to meet India’s growing energy demand and enhance grid stability through advanced BESS technology. The company is also building a solar cell and module manufacturing plant in Maharashtra with a capacity of 2 GW per year, expected to be operational by September 2026.
