SJVN Joins Hand with IREDA for Green Energy Projects

Power Ministry-backed SJVN Ltd has signed a Memorandum of Understanding (MoU) with Indian Renewable Energy Development Agency Ltd (IREDA), a PSU under Ministry of New & Renewable Energy (MNRE), to avail IREDA’s services for green energy projects.

During the occasion NandLal Sharma, Chairman & Managing Director told that as per MoU, IREDA will undertake techno-financial due diligence of renewable energy, energy efficiency and conservation projects for SJVN.

The MoU was signed by NandLal Sharma, CMD, SJVN and Pradip Kumar Das, CMD, IREDA in the presence of Akhileshwar Singh, Director (Finance), SJVN, Surinder Pal Bansal, Director (Civil), SJVN, Chintan Shah, Director (Technical), IREDA, and other senior officials through virtual mode.

Under the MoU, IREDA will also assist SJVN in developing an action plan to create and acquire renewable energy projects for next 5 years.

Sharma said that, SJVN is committed to contribute in realizing the renewable energy target of 175 GW by 2022 set by Prime Minister. The steps in this direction has already been taken and presently SJVN is developing 100 MW Dholera Solar Power Project & 100 MW Raghanseda Solar Power Project in Gujarat.

He also emphasised that partnership of SJVN & IREDA will be long lasting and fruitful for both.

Commenting on signing the MoU, Pradip Kumar Das, CMD, IREDA said that “the MoU highlights IREDA’s continuous efforts for the development of Renewable Energy sector in line Hon’ble Prime Minister’s vision of Aatmanirbhar Bharat. This is a transformational opportunity for IREDA and SJVN to work together forming a perfect synergy between both the organisation. It will also serve to facilitate knowledge and technology transfer and provide consultancy and research services, which will contribute to driving sustainable development of the country. We look forward to extending our consultancy services to other PSUs as well as private organisations for the development of renewable energy sector.”