JBM Solar to commission power plant in Haryana by April

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.
Speaking of this new undertaking, Mr. Sumant Sinha,
Chairman and CEO, ReNew Power said, "ReNew Power is proud to be instrumental in accomplishing DMRC's initiative of going solar.

As we look forward to the implementation of this project, we also hope to be a part of many such ventures in future."
ReNew Power, which recently achieved 1 GW of commissioned solar and wind energy capacity in March 2016, is installing many similar rooftop projects with reputed off-takers pan India. Some of ReNew Power's notable achievements:
1) ReNew Power is the best capitalized renewable energy company in the country.
2) ReNew Power is the largest capital raiser in debt markets in the renewable energy IPP sector in the last 5 years with over Rs. 8,000 crore of debt sanctions.

3) In September 2015, ReNew Power installed and commissioned India's tallest wind tower.
It is a lattice/tubular tower (hybrid tower) of 120 m height, installed for the first time anywhere on-shore in the world.
4) In September 2015, ReNew Power launched the first-ever infrastructure bond issuance credit enhanced by IIFCL, rated AA+.
5) First company to get a $250 million line from OPIC to debt finance solar projects.
6) Portfolio of over 300 MW (including rooftop solar) for fulfilling the green power
Requirements of large industrial and commercial consumers across states.
7) Over 20 MW of commissioned and under-construction project capacity in distributed solar with marquee customers from various industry sectors like automobile, textile , IT and ITES, hospitality etc.

8) All ReNew Power projects are UNFCCC (United Nations Framework Convention on Climate Change) registered.
About ReNew Power Ventures Pvt. Ltd.
ReNew Power Ventures Pvt. Ltd, an Independent Power Producer (IPP) company, is committed to leading change in the country's current energy portfolio by delivering cleaner and smarter energy choices and thereby reducing India's carbon footprint. ReNew Power's mission is to play a pivotal role in meeting India's growing energy needs in an efficient, sustainable and socially responsible manner. The company creates value through reliable and efficient generation of non-conventional power through innovation in solar and wind power solutions. ReNew Power has more than 2,500 MW of commissioned and under-construction clean energy capacity across nine states in India (Maharashtra, Rajasthan, Karnataka, Gujarat, Madhya Pradesh, Haryana, Jharkhand Telangana, and Andhra Pradesh). For more information please visit: https://bsmedia.business-standard.comwww.Renewpower.In. Follow ReNew Power on Twitter @ReNew_Power [https://twitter.Com/renew_power ].

About Delhi Metro Rail Corporation (DMRC) For implementation and subsequent operation of Delhi MRTS, a company under the name Delhi Metro Rail Corporation (DMRC) was registered in 1995. The Delhi Metro has been instrumental in ushering in a new era in the sphere of mass urban transportation in India. The swanky and modern metro system introduced comfortable, air conditioned and eco-friendly services for the first time in India and completely revolutionized the mass transportation scenario not only in the National Capital Region but the entire country. Media contact: Tanushree Mukherjee
Tanushree@renewpower.In +91 9871357402
Executive, Corporate Communications ReNew Power Ventures Pvt. Ltd.

Photo: http://photos.Prnewswire.Com/prnh/20150519/10123113 Source: ReNew Power Ventures Pvt. Ltd.