SJVN Plans to Develop 5000MW Solar Power Projects in Punjab : Shri N L Sharma

Shimla,  02 September 2022 : Shri Nand Lal Sharma, Chairman & Managing Director, SJVN Ltd. met with Chief Minister of Punjab, Shri Bhagwant Mann at Chandigarh and expressed keen interest in developing 5000 MW renewable energy projects in the state of Punjab.

Shri N L Sharma proposed that SJVN Ltd. will develop the 5000 MW renewable energy projects through Solar Projects, Canal Top Solar Projects and Floating Solar Projects across the State, by way of Joint Ventures formation, MoUs etc.

Shri Bhagwant Mann, Chief Minister assured extending all possible support in development of Solar Projects. On this occasion, Shri Sherry Kalsi, MLA Batala, Shri A K Singh, Director (Finance), Shri S L Sharma, CEO (SGEL) and senior officials of Punjab Govt. and SJVN Ltd. were also present.

Shri N L Sharma made a comprehensive presentation and apprised that SJVN a Trans-national company has 42,000MW in its kitty, which includes a strong renewable portfolio. “SJVN has outlined a Roadmap for developing Renewable Energy in the State of Punjab due to exponential power demand as a result of various developmental activities. SJVN looks forward to be a Strategic Partner in this Growth Story of Punjab by harnessing of Green Energy,” said Sh. Sharma.

Shri N L Sharma further informed that SJVN is already developing 100 MW Solar Power Project in Punjab and the PPA for the same was signed on 23.06.2022 with PSPCL. The Project is being developed at the cost of Rs 545 crores and will generate 245.28 MU in first year, while the cumulative energy generation over a period of 25 years would be around 5643.52 MU.

Recently the company has also signed an MOU with Government of Rajasthan for developing 10,000 MW solar projects & parks. SJVN is aggressively poised to contribute to the growth story of the Nation by marching ahead to meet its Shared Vision of 5000 MW by 2023, 25000 MW by 2030 & 50000 MW by 2040.

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