SJVN Limited, a joint venture between the Government of India and the Himachal Pradesh government, has signed an MoU with Rajasthan’s Energy Department to develop 7 GW of renewable energy projects. The agreement, finalized in the presence of Rajasthan Chief Minister Bhajan Lal Sharma, includes plans for 5 GW of Pumped Storage Projects and 2 GW of Floating Solar Projects.
The MoU was signed by SJVN’s Director of Finance, Akhileshwar Singh, and Rajasthan Renewable Energy Corporation Limited (RRECL) Managing Director Om Kasera. This partnership aligns with SJVN’s ambitious target of reaching 25,000 MW capacity by 2030 and 50,000 MW by 2040, reaffirming its focus on renewable energy expansion.
The agreement highlights ambitious renewable energy initiatives, including 5 GW of Pumped Storage Projects designed to tackle energy storage challenges and ensure a reliable balance between renewable energy supply and demand. Additionally, 2 GW of innovative Floating Solar Projects will leverage water surfaces for solar power generation, optimizing space utilization and advancing sustainable energy solutions.
The collaboration also strengthens Rajasthan’s position as a leader in renewable energy development, combining cutting-edge technologies with sustainable practices. As a Navratna Central Public Sector Enterprise, SJVN’s long-term partnership with Rajasthan’s energy authorities marks a pivotal advancement in India’s renewable energy roadmap.
The collaboration also strengthens Rajasthan’s position as a leader in renewable energy development, combining cutting-edge technologies with sustainable practices. SJVN Limited is a leading public sector undertaking specializing in the development, operation, and management of energy projects. With a diverse portfolio spanning hydro, thermal, wind, and solar power, SJVN is committed to advancing India’s renewable energy goals.
The company has set an ambitious target to achieve 50 GW of installed capacity by 2040, aligning with national and global sustainability objectives. Known for its operational excellence and innovative approach, SJVN operates landmark projects such as the NathpaJhakri Hydro Power Station, which has significantly contributed to India’s clean energy production. By focusing on sustainable growth and community development, SJVN continues to play a pivotal role in transforming the energy landscape of India and neighboring countries.
