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SJVN Green Energy, APDCL to Form JV to Set Up 1,000 MW Floating Solar Projects in Assam

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APDCL Issues Tender To Develop & Procure Power From 100 MW Floating Solar Projects

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Satluj Jal Vidyut Nigam (SJVN), an Indian public sector undertaking engaged in hydroelectric power generation/transmission, said that a Memorandum of Understanding was signed on October 17 between its wholly-owned subsidiary SJVN Green Energy Limited (SGEL) and Assam Power Distribution Company Limited (APDCL) in Guwahati.

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The deal stipulates that the two companies will form a joint venture company to develop 1000 MW of floating solar power plants in Assam.

After commissioning, the project will produce 2192 millions units. SJVN Ltd stated in an exchange filing that the corporation will invest Rs.6000 crores in Assam to build the project. A total of approximately 50,425 million units of energy will be produced over the course of 25 years.

SJVN stated that the company aligned its vision of 5,000 MW by 2023, 25000MW in 2030 and 50,000MW capacity by 2040 with the Government of India’s goal of attaining 50 percent energy from nonfossil fuels sources by 2030. SJVN is a trusted strategic partner and will play an important role in the country’s clean energy transition.

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Akhileshwar Sing, SJVN director for finance, and Rajesh Gupta, chief general manager of the company had met Himanta Biswa Sarma, Assam chief minister. Sameer Kumar Sinha (principal secretary to Assam chief Minister) and Neeraj Verma (principal secretary, power) attended the meeting.

According to the company, a statement was issued regarding the matter that stated “During the meeting, the development of ground-mounted (solar project), floating solar, battery storage, and pilot hydrogen plants was deliberated. SJVN’s upcoming hydropower project in Arunachal Pradesh was also mentioned by the CM. The CM expressed his interest in forming a joint venture with SJVN to develop hydro- and renewable energy projects.

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