By world standards, India’s current level of energy consumption is very low. The total annual energy consumption for India is estimated at 572Mtoe (million tons oil equivalent).With a target GDP growth rate of 8-10% and an estimated energy elasticity of 0.80, energy requirement is expected to grow at 6.4 – 8%. This would mean a five-fold increase in India’s energy requirement over the next 25 years. To meet this large & growing energy needs, the Government of India is attracting private players to invest capital as well as capabilities and efforts.
Jain Energy Limited, another Jain Group establishment, is focusing in the area of Power Generation. In the process of power generation JEL will be utilizing the potential renewable energy sources like biomass, solar, wind and water to generate green energy and vast reserves of coal for grey energy.
JEL is in the process of setting up 1000 MW Thermal Power Project at Janjgir-Champa, in Chhattisgarh. Development Consultant Pvt. Ltd, are appointed as consultant for technical support. The plant will be spread over 1,000 acres of land and is expected to generate both direct & indirect employment to the tune of 3000 personnel.
Jain Energy Limited has entered into an MOU with the Govt. of Madhya Pradesh for setting up 1000 MW Thermal Power Station in the state of Madhya Pradesh.
JEL has been awarded contracts for setting up 2(two) eco-friendly Biomass based Power Plants in Madhya Pradesh .These power plants will use BIOMASS as fuel and would be located as below:
- 1 No. of 10 Mw capacity at Dewas District in Madhya Pradesh.
- 1 No. of 10 MW capacity at Sihore District in Madhya Pradesh.
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