SJVN and GRIDCO collaborate for solar and hydropower projects

SJVN Limited has announced a joint venture with the Grid Corporation of Odisha (GRIDCO) to establish a 1,000 MW hydroelectric project and a 2,000 MW solar project worth Rs 200 billion. Both the companies have signed a Memorandum of Understanding (MoU) in Bhubaneswar to form a joint venture company to develop hydro and solar projects. This collaboration will help in increasing green generation capacity and help Odisha meet its Renewable Purchase Obligation (RPO) target.

Recently in November 2022, SJVN Limited commissioned a 75 MW solar power project at Parasan solar park in Uttar Pradesh. With this project achieving its commercial operation, the power producer’s installed generation capacity stands at 2,091.5 MW.

In the same month, SJVN Limited announced that it has been awarded a contract to establish a 83 MW floating solar project in Madhya Pradesh in an e-reverse auction organised by the Rewa Ultra Mega Solar Limited.