SJVN Limited’s arm SJVN Green Energy Limited and Grid Corporation of Odisha (GRIDCO) will form a joint venture (JV) to develop a 1,000 MW hydro-electric project and 2,000 MW solar project, with an investment worth Rs 200 billion in Odisha.
A memorandum of understanding (MoU) was signed for developing the said projects through a JV company. The projects will enhance green generation capacity and aid in meeting the renewable purchase obligation target of Odisha. Further, the proejcts will offer employment opportunities, support local businesses, reduce carbon emission and help in sustainable development of the state.