Prime Minister Narendra Modi laid the foundation stone for a 300 MW solar power plant in Bikaner, Rajasthan.

NHPC will set up the project under the government's CPSU Scheme, Phase-II, Tranche-III, with a total investment of over Rs 1,732 crore. The project is scheduled to be commissioned by September 2024.

The electricity generated from the project will be transmitted through Bikaner-II Inter State Transmission System Substation.

The project aims to make around 750 million units of green power annually, considering a capacity utilization factor (CUF) of 28.50%.

This will thereby offset carbon dioxide emissions of approximately 18,000 million metric tonnes over its lifetime.

The Power Usage Agreement has been inked with Punjab State Power Corporation Limited (PSPCL), at a competitive tariff of Rs 2.45/unit for 25 years, considering Viability Gap Funding (VGF) of Rs 134.70 crore offered by the Ministry of New & Renewable Energy.