SJVN Inks MoU with NIWE to Develop Solar, Wind Projects

Mini Ratna power public sector undertaking SJVN has signed a Memorandum of Understanding (MoU) with the state-owned National Institute of Wind Energy (NIWE) for technical consultancy services for the development of the former’s solar, wind, hybrid (wind & solar), and hybrid (wind, solar & battery storage) energy projects.

June 15, 2021. By Manu Tayal

Mini Ratna power public sector undertaking SJVN has signed a Memorandum of Understanding (MoU) with the state-owned National Institute of Wind Energy (NIWE) for technical consultancy services for the development of the former’s solar, wind, hybrid (wind & solar) and hybrid (wind, solar & battery storage) energy projects.

Under the MoU, NIWE will support SJVN to assess the feasibility and techno-commercial aspects of solar, wind, hybrid (wind & solar) and hybrid (wind, solar & battery storage) energy projects and preparation of detailed project reports, estimates and bid documents covering all relevant aspects from concept to commissioning of these projects.

Commenting on the partnership, Nand Lal Sharma, Chairman and Managing Director of SJVN said, “Government of India is targeting to achieve installation of 175 GW of renewable energy capacity by the year 2022 and 450 gigawatts of renewable energy capacity by 2030, the joint efforts of SJVN and NIWE are going to accelerate the process of achieving this target and providing Round the Clock (RTC) energy to our nation.”

Sharma further said that these efforts will also lead to achievement of shared vision of SJVN, of becoming a 25 GW company by 2040.

Further, the MoU was signed in a virtual ceremony between Nand Lal Sharma, CMD of SJVN and Dr. K Balaraman, Director General of NIWE in the presence of Director (Personnel) Geeta Kapur, Director (Civil) S.P Bansal, Director (Finance) A.K Singh, Director (Electrical) Sushil Sharma, while other Senior Officials from SJVN and NIWE were also present.

SJVN was incorporated on May 24, 1988 as a joint venture of the Government of India (GOI) and the Government of Himachal Pradesh (GOHP). It is now a listed company having shareholders pattern of 59.92 per cent with Govt. of India, 26.85 per cent with Govt. of Himachal Pradesh and rest of 13.23 per cent with Public.

Beginning with a single project and single State operation, i.e. India’s largest 1500 MW Nathpa Jhakri Hydro Power Station in Himachal Pradesh, the company has commissioned 7 projects aggregating 2016.5 MW of installed capacity and 86 km 400 KV transmission line.

The company has been presently implementing or operating power projects in Himachal Pradesh, Uttarakhand, Bihar, Maharashtra and Gujarat in India besides neighboring countries of Nepal and Bhutan.

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