The Rajasthan government has accorded approval for the signing of a memorandum of understanding (MoU) with SJVN Limited for developing renewable energy projects/parks in the state of Rajasthan.
SJVN will establish 10,000 MW renewable energy projects on the land banks to be allocated by Rajasthan Renewable Energy Corporation Limited in the state. An investment of Rs 500 billion is estimated for developing these projects in the next 5-7 years. With this latest addition, the portfolio of the company has tremendously grown from 32,000 MW to 42,000 MW.