SJVN Restricted, a three way partnership between the Authorities of India and Himachal Pradesh, has signed a Memorandum of Understanding (MoU) with the Power Division of Rajasthan to develop 7 gigawatts (GW) of renewable power tasks within the state.
The shares of SJVN Restricted have been buying and selling at ₹107.90 up by ₹4.46 or 4.31 per cent on the NSE at this time at 11.15 am.
The settlement, signed within the presence of Rajasthan Chief Minister Bhajan Lal Sharma, outlines plans for five GW of Pumped Storage Tasks and a pair of GW of Floating Photo voltaic Tasks. SJVN’s Director of Finance, Akhileshwar Singh, and RRECL Managing Director Om Kasera formalized the partnership.
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The MoU demonstrates SJVN’s dedication to increasing its renewable power portfolio, aligning with its imaginative and prescient of reaching 25,000 MW capability by 2030 and 50,000 MW by 2040. The Navratna CPSE (Central Public Sector Enterprise) will collaborate with Rajasthan’s power authorities on a long-term foundation for these developments.
This settlement marks a big step in Rajasthan’s renewable power sector, combining each storage and photo voltaic capabilities. Pumped storage tasks will assist handle energy storage challenges, whereas floating photo voltaic tasks characterize an modern method to solar energy era.
