SJVN Limited has entered into a memorandum of understanding (MoU) with REMC Limited and Bharat Heavy Electricals Limited (BHEL) for the development of renewable energy (RE) projects for the Indian Railway.
The signing of the MoU would lead to more efficient consumption of power in railways, while also leading to more competitive tariffs, for the overall benefit of consumers. Under the MoU, all the parties will work together to leverage their core strength in project development for the establishment of RE projects for use by the Indian Railway. The MoU will be a step towards meeting SJVN’s target of RE as well as the Indian Railway’s target of becoming a net-zero carbon emitter by the year 2030.