SJVN signs MoU with IREDA for Green Energy Projects

SJVN Limited, a PSU under Ministry of Power, has entered an MoU with Indian Renewable Energy Development Agency Ltd. (IREDA). Under the agreement, IREDA, a PSU under Ministry of New & Renewable Energy, will provide its services to SJVN for Green Energy projects.

Commenting on the occasion Nand Lal Sharma, Chairman & Managing Director said that as per MoU, IREDA will undertake techno-financial due diligence of renewable energy, energy efficiency & conservation projects for SJVN. Under the MoU, IREDA will also assist SJVN in developing an action plan to create and acquire Renewable Energy projects for the next 5 years.

While signing the MoU, Pradip Kumar Das, CMD, IREDA said, “The MoU highlights IREDA’s continuous efforts for the development of Renewable Energy sector in line Hon’ble Prime Minister’s vision of Aatmanirbhar Bharat. This is a transformational opportunity for IREDA and SJVN to work together forming a perfect synergy between both the organisation. It will also serve to facilitate knowledge and technology transfer and provide consultancy & research services, which will contribute to driving sustainable development of the country. We look forward to extending our consultancy services to other PSUs as well as private organisations for the development of Renewable Energy Sector.”