SJVN to develop Solar Projects in Assam, 4000 persons will get direct and indirect employment opportunities

SJVN inks an MoU for developing 1000 MW Floating Solar Projects in Assam

Shimla : 17^th October, 2022

Nand Lal Sharma, Chairman & Managing Director, SJVN informed that a Memorandum of Understanding (MoU) has been signed between SJVN’s wholly owned subsidiary SJVN Green Energy Limited (SGEL) and Assam Power Distribution Company Limited (APDCL) at Guwahati today. The MoU has been inked for developing 1000 MW Floating Solar Power Projects in Assam by incorporating a Joint Venture Company.

Highlighting the benefits of the project, Sh. Nand Lal Sharma said that the project will generate 2192 Million Units in first year after commissioning and around 50425 Million Units cumulative energy will be generated over 25 years. An investment of Rs 6000 Crores will be made by SJVN in the state for developing the project. During construction and operation stages approximate 4000 persons will get direct and indirect employment opportunities. Carbon emissions reduction to the tune of 1,07,383 tonne for first year and 24,70,732 tonnes for complete life span will be achieved from this project.

“SJVN is keen to be the partner in progress of Assam and development of Green Energy of state. This project will bring in multiple avenues of employment, boost to local businesses, green power generation, carbon emission reduction and over all socio-economic development in Assam,” said Sh. Nand Lal Sharma.