SJVN, DVC signed MoU for harnessing potential Solar Energy

by Psu Connect
Date: 23-12-21

The MoU was signed by Sh. Akhileshwar Singh, Director (Fin.), SJVN & Shri M. Raghuram, Member (Technical) DVC.

SJVN, DVC signed MoU for harnessing potential Solar Energy

New Delhi: SJVN Limited entered into an MoU with Damodar Valley Corporation for harnessing potential Solar Energy of about 2000 MW available under the DVC Command Area. The MoU was signed by Sh. Akhileshwar Singh, Director (Fin.), SJVN & Shri M. Raghuram, Member (Technical) DVC.

Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN said that SJVN and DVC will jointly identify suitable water bodies and available land under the SJVN and DVC command area for setting up Renewable Power Projects & explore the formation of a Joint Venture Company for these Projects.

Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN informed that this initiative is in line with the target set by the Government of India and it would enable SJVN in expanding its footprint in Pan India, as well as, achieving its Shared Vision of capacity addition of 5000 MW by 2023, 12000 MW by 2030 & 25000 MW by 2040.

Sh. N.L. Sharma also stated that under the MoU signed today, SJVN and DVC will explore the formation of a Joint Venture Company for the development of Renewable Energy projects at different locations within the command areas of SJVN and DVC. DVC has large water bodies under its management, which can be harnessed for Solar Power by setting up floating Solar Energy Farms.

The government of India has envisaged a Vision of uninterrupted and affordable clean Power to All 24X7.