SJVN To Develop 8.7 GW Of Hydro Power, Other Renewables In India & Nepal
SJVN Ltd, the government-owned power producer, has announced that it has secured approval from the Union Finance Ministry to establish four joint venture (JV) companies focusing on hydro and other renewable energy projects.
The PSU said that these ventures will collectively have a capacity of 8,778 MW and will be implemented in India and Nepal. SJVN will take the lead in three JVs, while its wholly-owned subsidiary, SJVN Green Energy Ltd (SGEL), will spearhead the fourth.
In collaboration with Maharashtra State Power Generation Company Ltd, the government owned company aims to develop 5,000 MW of renewable energy projects.
Another JV is planned with the Government of Arunachal Pradesh and Navyuga Engineering Company Ltd for the execution of the 1,878 MW Oju Hydro Electric Project in Arunachal Pradesh.
The third JV will see SJVN partnering with Nepal Electricity Authority and GMR Energy Limited for the implementation of the 900 MW Upper Karnali Hydro Electric Project in Nepal, with SJVN and GMR holding equal equity partnership.
Furthermore, SGEL will also form a JV with Assam Power Development Company Ltd to focus on developing 1,000 MW of renewable energy projects in Assam.
SJVN has strategically expanded its operations into diverse sectors such as hydro, thermal, solar, and wind energy, along with power transmission and trading. It has emerged as a prominent player in the Indian power industry, boasting a project portfolio exceeding 56,000 MW and a significant presence in both India and Nepal.
