SJVN Limited has entered into a memorandum of understanding (MoU) with Damodar Valley Corporation (DVC) for harnessing 2,000 MW floating solar power projects in their command area.
As per the MoU, SJVN and DVC will jointly identify suitable water bodies and available land under the SJVN and DVC command area for setting up renewable energy (RE) projects. SJVN and DVC will explore the formation of a joint venture for development of RE projects at different locations within their command areas. The initiative is in line with the RE target set by the government.