Shimla, Aug 10
Himachal based PSU SJVN, would now soon explore the potential to develop 10000MW, renewable energy by estalishing parks/projects in the State of Rajashthan. Nand Lal Sharma, Chairman & Managing Director, SJVN informed that in a landmark development, Government of Rajasthan approved the signing of MOU with SJVN for developing 10,000 MW of renewable energy.
Sharma added that PSU would establish the 10000 MW renewable energy projects on the land banks to be allocated by Rajasthan Renewable Energy Corporation Limited in the state. An investment of Rs 50,000 crore is estimated for developing these projects in the next 5-7 years, he informed.
“As the nation is accelerating the pace of transition to green energy, SJVN is also taking gigantic leaps ahead. With this latest addition, the portfolio of the company has tremendously grown from 32,000 MW to 42,000 MW. We are partnering in meeting the twin challenge of ‘Power to All’ and 50% energy from non-fossil fuel-based energy resources by 2030 as envisaged by the government, commented the CMD.”
Earlier this year, SJVN had exchanged a Letter of Intention with the Rajasthan government for the development of renewable energy in the state in the next five years. Pertinent to mention that Rajasthan has become the first state in India to reach 10 GW cumulative large-scale solar installations.
This exponential addition to the portfolio will catapult SJVN closer to achieving the Shared Vision of 5000 MW by 2023, 25000 MW by 2030 & 50000 MW by 2040.