PM Modi lays foundation stone for 300 MW solar plant in Rajasthan

Prime Minister Modi, speaking through a video conference, said, “India has started moving at a fast pace in generating solar power, and in giving an impetus to this mission, today, the foundation stone has been laid for various solar power projects in Rajasthan. The projects will not only provide green and cheap power to the region but also provide great employment opportunities to the youth."

NLC's solar power plant is located near the existing Barsingsar Thermal Power Station, offering advantages in power evacuation through the existing network and utilisation of common infrastructure facilities.

The company has signed a power usage agreement for the entire capacity of 300 MW at a tariff of ₹2.52 per unit with Rajasthan Urja Vikas Nigam Ltd, ensuring a reliable and cost-effective power supply.

Over its lifespan of 25 years, the project is estimated to generate approximately 18.75 billion units of green energy and reduce approximately 18 million metric tonnes of carbon dioxide emissions.

During the construction phase, the project will create employment opportunities for nearly 600 personnel, while over 100 will be employed during the operation and maintenance phase.

Shares of NLC India Ltd ended at ₹253.60, down by ₹0.20, or 0.079%, on the BSE.