JBM Solar Strategies to Set-Up Projects Worth 100 MW by 2021

"We have 100 MW projects in the pipeline, which will be completed by next year. The investment would be done at the rate of Rs 4 crore per MW," said Arya

May 14, 2020. By News Bureau

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JBM Solar has announced that it is planning to enhance 100 megawatt (MW) of solar power projects by next year, it’s Executive Director Nishant Arya said.

"We have 100 MW projects in the pipeline, which will be completed by next year. The investment would be done at the rate of Rs 4 crore per MW," said Arya.

He added that more than 95 per cent of these projects would be ground-mounted.

In these challenging times, he said one of the relief measures the industry seeks is a reduction in the goods and services tax (GST) on some goods in the energy sector from the government.

“The government should provide GST reduction on certain goods in the energy and manufacturing sector to make it more competitive. Apart from that, if some advance payments and working capital could be given and if support on the wages and salaries front could be made possible, that would be helpful," Arya said.

He also further that payment support to industry through ESI or other government funds should be provided for the energy sector to sustain in the long-term.

On whether the company sees any increase in the cost of setting up these pipeline projects because of the 20 per cent jump in panel prices projected due to Chinese supply chain disruption, Arya said that the market is presently impulsive hence, there is no clarity at this point.

JBM is also active in the waste-to-energy (WTE) sector where it is setting up a 10-MW project. "We are setting up one the largest projects in WTE in North India of about 10 MW capacity," he added.

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