SJVN, a state-owned company, has announced that its subsidiary, SJVN Green Energy Ltd (SGEL), has secured a 200 MW solar project in Maharashtra.
The project is estimated to cost around Rs 1,000 crore and will be developed over a period of 18 months after the signing of the power purchase agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL).
The project is expected to generate approximately 10,480.82 million units of energy over a period of 25 years, while reducing carbon emissions by 5,13,560 tonnes.
SJVN is a joint venture between the Government of India and the Government of Himachal Pradesh, established in 1988.
The company primarily operates in the power sector, focusing on hydropower generation, and is listed on both the Bombay Stock Exchange and the National Stock Exchange of India.
SJVN has been involved in various power projects across India and has also expanded internationally, with projects in countries like Nepal and Bhutan. The company aims to become a leading power sector enterprise with a focus on sustainable growth and social responsibility.
