SJVN to form RE subsidiary

SJVN Limited has approved forming a 100 per cent subsidiary company to develop renewable energy (RE), small hydro, and green hydrogen projects.

SJVN will contribute initial equity of Rs 500 million to the subsidiary company. In a separate development,it has signed a pact with Noida-based Solarworld Energy Solutions to develop a 75 MW solar power project at the Parasan Solar Park in Uttar Pradesh for Rs 3.14 billion. The project is expected to generate 168.34 MU of energy annually with a capacity utilization factor of 25 per cent.

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