MOU
SJVN Signs an MoU with BHEL to Develop Solar Power Projects
New Delhi: SJVN Limited has entered into a MoU with Bharat Heavy Electrical Limited (BHEL) for development of Solar Power projects in India. The MoU aims at building a closer strategic partnership between the parties for jointly pursuing commercial solar power projects through participation in tariff and viability gap funding based competitive bidding process.
As per MoU for the projects that will be developed by SJVN, BHEL will be an Engineering, Procurement, Construction and Project Management Contractor. In addition to this BHEL shall also provide operation and maintenance services after commissioning of project.
The MoU was signed by Shri Sanjay Uppal, Chief General Manager (BD&MS), SJVN Limited and Shri T. K. Bagchi, General Manager (REWB), BHEL at New Delhi in the august presence of Shri S. Balakrishnan, Director (IS&P), BHEL.
SJVN Limited has commissioned five projects totaling 2015.2 MW of installed capacity including solar and wind. Company is presently implementing power projects in Himachal Pradesh, Uttarakhand, Bihar, Maharashtra and Gujarat in India besides neighboring countries viz. Nepal and Bhutan.
This is one of steps for SJVN towards becoming 5000 MW Company by 2023, 12000 MW Company by 2030 and 25000 MW Company by 2040.
Read Also : RBI circular mandated disclosure of all fee data from October, 1
News Must Read
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms
- Northern Coalfields Limited CMD inspects Amlohri Area
- SCOPE organizes Public Sector Day celebrations
- IOCL Final Dividend Announcement Expected at April 30 Board Meeting
- Steel Cutting Ceremony of Indian Navy held at HSL Vishakapatnam
- DIPAM declines PFC-REC debt resolution proposal for KSK Mahanadi project