SJVN receives green signal to set up 400 MW Solar Park

28 Feb 2022 , 09:52 AM

In a recent update, SJVN Ltd. announced that the company has received in-principle approval from the Ministry of New and Renewable Energy, Government of India for the development of a 400MW Solar park at District Kinnaur under Mode-8 of the Solar Park Scheme to the company.

These projects will aid SJVN in achieving its vision of 5000 MW by 2023, 25000 MW by 2030, and 50000 MW by 2040 and simultaneously contribute towards the RE capacity addition target of 500 GW by 2030 set by GOI.

On Saturday, SJVN has also announced the winning of a 15 MW grid-connected floating solar PV power project in Bilaspur, Himachal Pradesh.

The power producer received this order at the rate of Rs3.26 per unit. It has bagged this floating solar power project at Nangal pond, near village Neilla.

SJVN has received this full quoted capacity of 15 MW through e-Reverse auction held by Solar Energy Corporation of India, on a ‘build and operate’ basis.

SJVN is currently trading at Rs28.40 up by Rs0.25 or 0.89% from its previous closing of Rs28.15 on the BSE. The scrip opened at Rs28.65 and has touched an intraday high and low of Rs28.70 and Rs27.90 respectively