SJVN has achieved a significant operational milestone with its 1,000 MW Bikaner Solar Power Project reaching 1 billion units of power generation on March 20, 2026. This achievement marks a major accomplishment for the company's renewable energy operations and demonstrates the project's successful performance since achieving Commercial Operation Date (COD) on December 24, 2025.

Project Performance and Implementation

The Bikaner Solar Power Project has successfully generated 1 billion units of electricity, showcasing exceptional operational efficiency within just three months of commercial operations. The project is being implemented through SJVN's wholly owned subsidiary, SJVN Green Energy Limited (SGEL), under the Central Public Sector Undertaking (CPSU) Scheme – Phase II, Tranche III of the Ministry of New and Renewable Energy (MNRE).

Future Generation Projections

The project is expected to generate approximately 2,454.55 million units (MU) of electricity in its first year and about 56 billion units cumulatively over 25 years. Over its operational life, it is projected to reduce carbon emissions by approximately 2.78 million tonnes, contributing significantly to environmental sustainability. The generated electricity will be supplied to the states of Rajasthan, Jammu & Kashmir, and Uttarakhand.

Management Commentary

The Chairman & Managing Director of SJVN Limited emphasized that "The achievement of 1 Billion Units generation from our 1000 MW Bikaner Solar Power Project is a testament to SJVN's strong commitment towards accelerating India's clean energy transition. This milestone reflects our technical excellence and operational efficiency in executing large-scale renewable energy projects."

The Director (Personnel) of SJVN noted that "This milestone underscores SGEL's capability to deliver large-scale solar projects within stipulated timelines and achieve early generation benchmarks. The Bikaner project stands as a model for future renewable projects in terms of scale, efficiency, and environmental impact."

Project Significance

The foundation stone of the project was laid by the Hon'ble President of India, Droupadi Murmu, on January 3, 2023, at Jaipur. Reaching this generation milestone reflects the project's consistent operational performance and the company's technical expertise in managing large-scale solar installations, supporting India's clean energy objectives and the Government's vision of achieving 500 GW of non-fossil fuel capacity.

SJVN Limited has announced a key leadership appointment with Shri Parthajit De taking charge as Whole-time Director (Finance) effective March 19, 2026. The appointment comes through a Ministry of Power order and marks a significant addition to the Navratna company's senior management team.

Appointment Details

The Ministry of Power, through order No. 15/23/2024-H.II (271755) dated March 18, 2026, has appointed Shri Parthajit De (DIN: 11219972) to the position for a five-year term. The appointment is effective from the date of assumption of charge on March 19, 2026, or until further orders, whichever is earlier.

Leadership Transition

Consequent to this appointment, Shri Sipan Kumar Garg (DIN: 10746205) ceases to hold the additional charge of Director (Finance) and Chief Financial Officer positions at the company. The company has confirmed that the newly appointed director is not related to any existing board member and is not debarred from holding directorial positions by SEBI or any other regulatory authority.

Professional Background

Shri Parthajit De brings extensive financial expertise to SJVN, with nearly 30 years of post-qualification experience as a Fellow Member of the Institute of Cost Accountants of India (ICMAI). He is also a Chartered Financial Analyst and holds CGMA certification from the Chartered Institute of Management Accountants, UK.

Career Highlights at NHPC Limited

Prior to joining SJVN, Shri De served in senior positions at NHPC Limited, where he was in-charge of Corporate Accounts & Policy Section, Corporate Tax Cell, and Employment Benefit Trusts at the Corporate Office. His responsibilities included:

• Serving as nominee Director on the Board of Loktak Downstream Hydroelectric Corporation Ltd.
• Leading the Committee for first-time adoption of Indian Accounting Standards (Ind AS) in 2016-17
• Heading Corporate Accounts & Policy division
• Managing corporate taxation and trust operations

Expertise and Achievements

Shri De's professional journey spans over 27 years in the power sector, beginning as a Trainee Officer (Finance) at NHPC in November 1998. His expertise covers multiple domains including corporate accounts, taxation, trusts, and contracts, with deep understanding of Indian Accounting Standards, taxation, tariff regulations, and corporate governance.

Notable Accomplishments

During his tenure at NHPC, Shri De achieved several significant milestones:

Strategic Value Addition

With his extensive experience across project sites and corporate offices, including assignments at Rangit Project in Sikkim, Teesta Low Dam Projects in West Bengal, Siang Basin Projects in Arunachal Pradesh, and Rural Roads Project in Bihar, Shri De brings comprehensive operational and financial expertise to SJVN. His appointment is expected to strengthen the company's financial management capabilities and support its growth initiatives in the power sector.