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The Jain Group promoted Jain Energy Limited intends to attain prominence in the field of Power Generation by the year 2015.JEL is into renewable and non-renewable energy - Thermal , Biomass and Solar.
The company has signed a MoU with the Govt. of Chhattisgarh for setting up a 1200 MW coal based super critical power plant at Jangir-Champa and Korba districts. The project is proposed to be implemented over a period of 48 months. The plant, envisaged to be spread over 1000 acres, will provide employment directly and indirectly to over 5000 people. Development Consultants Pvt. Ltd.are the technical consultants to the project and considerable progress including on land acquisition,completion of Public Hearings ,Forest clearence,Water allotment has already been achieved.
JEL has also signed a MoU with the Government of Madhya Pradesh for setting up a 1320 MW Thermal Power Plant in Madhya Pradesh.
Towards its commitment to the environment and ecology, the company has been exploring renewable sources such as Biomass and Solar. JEL has established two subsidiaries, Jain Renewable Energy Private Limited and Jain Solar Energy Private Limited respectively for biomass based power generation and solar PV cell manufacturing.
The Jain Group promoted Jain Energy Limited intends to attain prominence in the field of Power Generation by the year 2015.JEL is into renewable and non-renewable energy - Thermal , Biomass and Solar.
The company has signed a MoU with the Govt. of Chhattisgarh for setting up a 1200 MW coal based super critical power plant at Jangir-Champa and Korba districts. The project is proposed to be implemented over a period of 48 months. The plant, envisaged to be spread over 1000 acres, will provide employment directly and indirectly to over 5000 people. Development Consultants Pvt. Ltd.are the technical consultants to the project and considerable progress including on land acquisition,completion of Public Hearings ,Forest clearence,Water allotment has already been achieved.
JEL has also signed a MoU with the Government of Madhya Pradesh for setting up a 1320 MW Thermal Power Plant in Madhya Pradesh.
Towards its commitment to the environment and ecology, the company has been exploring renewable sources such as Biomass and Solar. JEL has established two subsidiaries, Jain Renewable Energy Private Limited and Jain Solar Energy Private Limited respectively for biomass based power generation and solar PV cell manufacturing.
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Jain Renewable Energy Private Limited (JREPL) is setting up two bio-mass based thermal power plants of 10 MW each at Dewas and Sehore districts of Madhya Pradesh. These plants will use locally available agricultural residue such as Soyabean stalk and Cotton stalk as fuel for the power plant. In India a great deal of biomass that is available is either wasted or used very in-effectively. With a view to utilize this huge untapped resource, the company plans to increase the biomass based power generation capacity to over 50MW in the next 5 years.
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Jawaharlal Nehru National Solar Mission(JNNSM) which is a major initiative of the Government of India and State Governments to promote ecologically sustainable Solar Power generation while addressing India’s energy security challenge. This will also be a contribution from India to the global effort to meet the challenges of climate change, and targets the solar power installed capacity of 20 GW in India by the year 2022. India, with 300 clear sunny days in a year, is at an advantageous position compared to many countries of the world. There is ample scope of growth in PV cell manufacturing and solar energy generation. Solar Photovoltaic is the world’s fastest growing renewable energy source. A CAGR of 31.4% in PV installations around the world has been achieved during 2001-07 and a CAGR of 45% is expected during the years 2010-2013.
JSEPL'S project is eligible for incentive under the Special Incentive Scheme applicable to Renewable Energy Generation and Ancillaries projects. As India faces huge energy deficit and the energy demand in India is growing over 9% every year, the country has no option other than to generate solar power to meet its additional energy demand. Further, as the Government of India has maketed the use of domestically manufactured Solar PV Cells for the upcoming solar plants in India , the demand for domestic Solar PV Cells will get a huge boost in the near future. In view of these, a 400 MW plant is being set up by the company in Haryana. The company will enjoy both the opportunities i.e. to supply in domestic market and/or to export to Germany, Italy, Spain, USA, Japan and other countries.
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