SJVN‘s subsidiary, SJVN Green Energy Ltd (SGEL), has secured 1,352 MW solar power projects, representing a substantial investment of Rs 7,436 crore. The company announced that it has received Letter of Awards (LoA) for these projects.
SJVN Limited, formerly known as Satluj Jal Vidyut Nigam Limited, is a premier hydropower company in India. Established in 1988, SJVN is a joint venture between the Government of India and the Government of Himachal Pradesh. The company is engaged in the development, operation, and maintenance of hydroelectric power plants, with a strong focus on sustainability and environmental stewardship.
SJVN operates several power plants across India, including the 1,500 MW Nathpa Jhakri Hydro Power Station, one of the largest hydroelectric projects in the country. With a commitment to excellence and innovation, SJVN is at the forefront of India’s renewable energy sector, driving economic growth and sustainable development.
The LoAs were received in Mumbai, with Maharashtra Deputy Chief Minister Devendra Fadnavis, SJVN Director (Finance) Akhileshwar Singh, and SGEL CEO Ajay Singh present at the event. Geeta Kapur, the Chairman and Managing Director of SJVN, announced that SGEL has secured projects totaling 1,352 MW across multiple locations in Maharashtra, including Nashik, Solapur, Ahmednagar, and Pune, under the Mukhya Mantri Saur Krushi Vahini Yojana 2.0.
These projects were awarded to SGEL through a competitive bidding process in a tender issued by MSEB Agro Power Limited, Maharashtra. SGEL participated in the tender for a total of 1,500 MW, with 500 MW in the first round and 1,000 MW in the second round.
This initiative is part of the PM-KUSUM Scheme and aims to implement the largest Feeder Level Solarisation Scheme in India. The development of these 1,352 MW Solar Power Projects is estimated to require an investment of approximately Rs 7,436 crore. SGEL is embarking on its inaugural contribution to the PM-KUSUM Scheme with these projects.
They will qualify for Central Financial Assistance, with a maximum of 30% of the project cost. The company is swiftly progressing towards its collective goal of achieving 25,000 MW by 2030 and 50,000 MW by 2040. This shared vision aligns with the Centre’s commitment to generate 50% of energy from non-fossil fuel sources by 2030.
