Sajjan Jindal’s $11 billion JSW Group plans to set up 200-250 MW land-based solar project at Salboni in West Bengal to meet captive requirements.

The group is in advanced level of discussions to rope in a foreign solar major for the project.

JSW has 4,300 acres at Salboni, approximately 160 km from Kolkata. The land was acquired for a steel project that did not take off.

However, JSW recently invested ₹600 crore in a 2.4-million-tonne (mt) cement grinding unit. Plans are afoot to double the cement capacity and to set up paint manufacturing unit and finishing steel mill facilities at Salboni.

According to Parth Jindal, MD, JSW Cement, the group’s Salboni operations will require 45 MW of captive power. Considering the current tariff of grid-based power at ₹6.7 a unit, JSW wants to go for cheaper alternatives.

As per plans, JSW will offer land for solar generation and enter long term power purchase agreement with the producer.

here is company details.

 

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