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PRESS RELEASE : SJVN signs MoU with IREDA for Green Energy Projects

SJVN Limited has entered into an MoU with Indian Renewable Energy Development Agency Ltd. (IREDA). IREDA will provide it services to SJVN for Green Energy projects. The MoU was signed by Shri Nand Lal Sharma, CMD, SJVN and Shri Pradip Kumar Das, CMD, IREDA in the presence of Shri S.P. Bansal, Director (Civil), SJVN, Shri Akhileshwar Singh, Director (Finance), SJVN, SJVN Shri Chintan Shah, Director (Technical), IREDA, and other senior officials today through virtual mode.

On the occasion Sh. Nand Lal Sharma, Chairman & Managing Director told that as per MoU, IREDA will undertake Techno-Financial due diligence of Renewable Energy, Energy Efficiency & Conservation Projects for SJVN. Under the MoU, IREDA will also assist SJVN in developing an action plan to create and acquire Renewable Energy projects for the next 5 years.

Sh. Sharma said that, SJVN is committed to contribute in realizing the renewable energy target of 175 GW by 2022 envisaged by Hon’ble 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.

While signing the MoU, Shri Pradip Kumar Das, CMD, IREDA said: “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 & 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.”

For accomplishing our cherished Shared Vision of achieving 5000 MW installed capacity by 2023, 12000 MW by 2030 and 25000 MW by 2040, SJVN has formulated aggressive strategies, which include both organic as well as inorganic modes for growth. A Board level Business Expansion Committee and a dedicated Business Development & Expansion Department has been constituted within the organization to identify, assess and capture various avenues for growth and expansion of business.