SJVN Ltd, National Institute of Wind Energy join forces for RE projects
State-owned SJVN Ltd has announced that it has signed a pact with the National Institute of Wind Energy (NIWE) to develop solar and wind energy projects.
SJVN has arrived at a Memorandum of Understanding (MoU) with the Institute for 'technical consultancy services for the development of solar, wind, hybrid (wind and solar) and hybrid (wind, solar and battery storage) energy projects of SJVN, according to a declaration.
NIWE will support SJVN to evaluate the feasibility and techno-commercial aspects of the projects and preparation of detailed project reports, estimates, and bid documents covering all relevant aspects from the concept to the commissioning of these projects.
SJVN Chairman and Managing Director Nand Lal Sharma said, "The Government of India is targeting to achieve installation of 175 gigawatts (GW) of renewable energy capacity by the year 2022 and 450 gigawatts by 2030,"
The combined efforts of SJVNL and NIWE are going to fast-track the process of accomplishing this target and providing round-the-clock energy to the nation, he added.
Sharma said these efforts will also lead to the accomplishment of the mutual vision of SJVN, of becoming a 25,000-megawatt company by 2040.
The pact was signed in a virtual ceremony by Sharma and NIWE Director General K Balaraman.