SJVN and DVC to harness 2000 MW floating solar power projects

(EPT): State-owned SJVN & Damodar Valley Corporation have inked an Memorandum Of Understanding (MoU) for harnessing 2000 MW floating solar power projects in their command areas.

As per the MoU, SJVN and Damodar Valley Corporation (DVC) will jointly identify suitable water bodies and available land under the SJVN and DVC command areas for setting up renewable power projects, a statement said.

SJVN Chairman & Managing Director Nand Lal Sharma said this initiative is in line with the renewable power target set by the Centre and it would enable SJVN in expanding its footprint across India.

Currently at UN Climate Change Conference (COP 26), Prime Minister Narendra Modi affirmed India’s intent of generating 500 GW of renewable energy by 2030.

Sharma also said that under the Memorandum Of Understanding (MoU), SJVN and Damodar Valley Corporation (DVC) will explore the formation of a joint venture for development of renewable power projects at different locations within their command areas.

DVC has giant water our bodies underneath its administration, which may be harnessed for solar energy by establishing floating photo voltaic power farms.

The Memorandum Of Understanding (MoU) was signed by Akhileshwar Singh, Director (Finance), SJVN and M Raghuram, Member (Technical) DVC in the presence of senior officials of the companies.