SJVN Ltd advanced 2.81% to Rs 31.05 after the company secured 125 MW grid connected solar power project in UP Solar Park in Uttar Pradesh. SJVN is a Mini Ratna, Category-I and Schedule ‘A’ CPSE under administrative control of Ministry of
Power, Government of India. The company has been issued Letter of Intent (LoI) by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for building 75 MW grid connected solar power project at Gurhah, in Jalaun District.
The 50 MW grid-connected solar power project at Gujrai, in Kanpur Dehat District in the state of Uttar Pradesh through tariff-based competitive bidding.
These projects will help SJVN in achieving its ambitious shared vision of 5000 MW by 2023, 12,000 MW by 2030 and 25,000 MW by 2040 and similarly contribute towards RE capacity addition target of 175 GW by 2022 set by Government of India.
The company has a portfolio of more than 16,000 MW.
