Public sector SJVN is now looking to tap renewable energy in Punjab, which holds a significant potential for generation from agro-residues, an alternative model of diversification, in addition to solar power. Moreover, after signing a deal for the development of 10,000 MW solar projects and parks in Rajasthan, now SJVN is eyeing Punjab.
Reportedly, SJVN chairman Nand Lal Sharma met Punjab chief minister Bhagwant Mann in Chandigarh, showing interest in developing 5,000 MW renewable energy projects in Punjab. Currently, SJVN is setting up a 100 MW solar power project in Punjab, after signing an agreement with the PSPCL.
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According to Mr. Sharma, the company is working on 27 hydro, thermal, solar, and wind projects in India, Nepal, and Bhutan, of which six are now operational, while eight are in the planning stages, and 13 are still undergoing survey and investigation. Furthermore, the company seems to be working towards its future goals.
As per the media reports, Mr. Sharma showed interest in making joint ventures or memorandums of understanding to build solar energy projects by establishing canal top projects and floating solar projects throughout the state. Moreover, the SJVN aims to tap 5,000 MW by 2023 and 25,000 MW by 2030. The 1,500 MW Nathpa-Jhakri Hydro Power Station, SJVN’s first project which started in 2004-2005, is located in Kinnaur district.
Additionally, Mr. Sharma gave a thorough presentation and stated that SJVN, a multinational corporation, has 42,000 MW to its name, including a heavy portfolio of renewable energy.
Furthermore, these projects would help generate employment opportunities in Punjab. As stated by CM Mann earlier, the Aam Aadmi Party government is working on setting up more industries in the state. CM Bhagwant Mann has assured all possible support to Mr. Sharma, the chairman of SJVN, for development of the projects in Punjab.