, India

SJVN unit, GRIDCO to form JV for 3,000MW hydro, solar project

The projects are expected to attract Rs 20,000 in investment in Odisha.

SJVN subsidiary, SJVN Green Energy Limited signed a memorandum of understanding with the Grid Corporation of Odisha (GRIDCO) to form a joint venture company for the development of a 1,000-megawatt (MW) hydroelectric and 2,000MW solar project in Odisha.

In a statement, SJVN said the two projects may bring in Rs 20,000 crores of investments in Odisha. 

The 2,000MW solar project is expected to generate 4,207 million united in the first year and a total of 96797 million units for 25 years.

READ MORE: SJVN, Tata Power sign deal for 1,000MW solar project in Rajasthan

The projects are expected to reduce carbon emissions to 206143 tonnes in the first year and 4743053 tonnes for its lifespan.

SJVN’s portfolio is around 42,000MW, around 97% of which was based on non-fossil fuel resources.

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!