SJVN Subsidiary inks Power Usage Agreement with JKPCL

New Delhi: The Wholly Owned Subsidiary of SJVN Limited i.e., SJVN Green Energy Limited (“SGEL”) has signed the Power Usage Agreement (PUA) with Jammu & Kashmir Power Corporation Limited (JKPCL) at Jammu on 23.02.2024 for 300 MW Solar Power Capacity.

Further, this 300 MW power shall be supplied to JKPCL from the under-construction 1,000 MW Bikaner Solar project which is being developed under the CPSU Scheme of IREDA at a cost of Rs 5,491 Crores. 

Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel

Read Also : CONCOR Director (Finance) Recruitment 2025 – Apply Now

The project is being developed under the Domestic Content Requirement (DCR) mode and is slated for commissioning by July 2024. Power from this project is for Govt use either directly or through Discom.

Read Also : POWERGRID Honoured with SCOPE Eminence Award for Human Resource Management

The Company is on rapid progression to achieve its Shared Vision of 25,000 MW by 2030 & 50,000 MW by 2040. This Shared Vision has been formulated in sync with the commitment of the Government of India to generate 50% of energy from non-fossil fuel-based energy resources by 2030.

Read Also : Hon'ble President of India confers SCOPE Eminence Awards to PSEs