Shimla: Nand Lal Sharma, Chairman & Managing Director (CMD) of SJVN, met Chief Minister of Punjab Bhagwant Mann in Chandigarh on September 1 and expressed keen interest in developing 5,000 MW renewable energy projects in the state.
Sharma proposed that SJVN will develop 5,000 MW renewable energy projects through solar projects, canal top solar projects and floating solar projects across the state, by way of joint venture formation, MoUs etc.
Mann assured extending all possible support in the development of solar projects. On this occasion, Sherry Kalsi, MLA Batala, AK Singh, Director (Finance) of SJVN, SL Sharma, CEO (SGEL) and senior officials of Punjab government and SJVN were also present.
Sharma made a comprehensive presentation and apprised that SJVN, a trans-national company has 42,000 MW in its kitty, which includes a strong renewable portfolio. "SJVN has outlined a roadmap for developing Renewable Energy in the state of Punjab due to exponential power demand as a result of various developmental activities. SJVN looks forward to becoming a Strategic Partner in this Growth Story of Punjab by harnessing of Green Energy," said Sharma.
Sharma further informed that SJVN is already developing 100 MW Solar Power Project in Punjab and the PPA for the same was signed on June 23 with PSPCL. The project is being developed at the cost of Rs 545 crore and will generate 245.28 MU in the first year, while the cumulative energy generation over a period of 25 years would be around 5,643.52 MU.
Recently the company has also signed an MOU with the government of Rajasthan for developing 10,000 MW solar projects and parks. SJVN is aggressively poised to contribute to the growth story of the nation by marching ahead to meet its shared Vision of 5,000 MW by 2023, 25,000 MW by 2030 and 50,000 MW by 2040.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)