SJVN Limited announced a significant milestone in its renewable energy portfolio as its wholly owned subsidiary, SJVN Green Energy Limited (SGEL), successfully commenced commercial operation of an additional 100.56 MW capacity at its Bikaner Solar Power Project on December 12, 2025.

Latest Capacity Achievement

The recent commissioning represents substantial progress in the company's ambitious solar initiative. The updated project status demonstrates SJVN's continued momentum in renewable energy development.

Project Progress Overview

The Bikaner Solar Power Project has achieved total cumulative commissioned capacity of 830.70 MW out of the planned 1,000 MW capacity. This represents over 83% completion of the entire project, marking a significant advancement from the previously reported 501.02 MW operational capacity.

Strategic Development

This development underscores SJVN's commitment to expanding its footprint in the renewable energy sector and contributing to India's clean energy goals. The substantial increase in operational capacity demonstrates the company's execution capabilities in large-scale solar power projects.

Remaining Capacity Timeline

With 830.70 MW now operational, SJVN Green Energy Limited is positioned to bring the remaining 169.30 MW capacity online soon. The company has indicated that the rest of the project is expected to be commissioned in the near future, which will complete the entire 1,000 MW solar power project.

Market Impact

The successful commissioning of this additional capacity strengthens SJVN's position in the renewable energy market and contributes significantly to the nation's sustainable energy objectives. Once fully operational, the complete Bikaner Solar Power Project will represent a major addition to India's solar power generation capacity and enhance SJVN's renewable energy portfolio substantially.

SJVN Limited , a joint venture between the Government of India and the Government of Himachal Pradesh, has achieved a significant milestone with the commencement of commercial operations of the 660 MW Unit-1 at its Buxar Thermal Power Project in Bihar. This development marks a crucial step in SJVN's efforts to bolster India's power generation capacity.

Project Details and Impact

The Buxar Thermal Power Project, with a total capacity of 1,320 MW (2x660 MW), is being implemented by SJVN Thermal Private Limited, a wholly-owned subsidiary of SJVN. The project, located at Chausa in Buxar district, Bihar, is equipped with state-of-the-art supercritical technology, ensuring higher efficiency and reduced environmental impact.

Key highlights of the project include:

• Annual Generation: The project is expected to generate 9,828.72 million units of electricity annually.
• Power Distribution: 85% of the generated power will be supplied to Bihar under a long-term Power Purchase Agreement.
• Tariff: The average tariff for the project is around INR 5.40 per unit.
• Environmental Considerations: The use of supercritical technology aims to minimize the project's environmental footprint.

Progress and Future Outlook

SJVN has reported significant progress on both units of the Buxar Thermal Power Project:

• Unit-1 (660 MW): Has successfully achieved commercial operation.
• Unit-2 (660 MW): Expected to commence commercial operations by January or February 2026.

The completion of this project is set to substantially enhance power availability in Bihar and the Eastern Region, addressing peak-hour shortages and strengthening energy security.

Financial Implications

The commissioning of the Buxar Thermal Power Project is expected to have a positive impact on SJVN's financial performance:

• Revenue Generation: With the commencement of commercial operations, the project will start contributing to SJVN's revenue stream.
• Debt Servicing: The company anticipates that the cash generated from the Buxar project will help in servicing its loans, maintaining a comfortable financial position.

SJVN's Growth Trajectory

SJVN is actively expanding its portfolio across various energy sectors:

• Operational Capacity: With the addition of the Buxar unit, SJVN's total installed capacity now stands at 3,146.52 MW.
• Renewable Energy: The company is set to commission around 650 MW of solar projects during the current financial year.
• Upcoming Projects: SJVN is preparing to start construction on two major hydroelectric projects in Nepal - the 680 MW Lower Arun and the 900 MW Upper Karnali projects.

Management's Perspective

Bhupender Gupta, Chairman and Managing Director of SJVN, expressed confidence in the company's growth trajectory, stating, "SJVN Limited is on very sound footing. We are focusing on completing our under-construction projects to start generating revenue. With our upcoming projects in Nepal and the commissioning of various renewable energy projects, we anticipate steady growth in revenue, profit, and capacity addition in the coming years."

As SJVN continues to expand its operational capacity and diversify its energy portfolio, the successful commissioning of the Buxar Thermal Power Project unit represents a significant step towards achieving its long-term growth objectives and contributing to India's energy security.