Joint Venture2 Jan 2024, 12:31 am
SJVN Ltd Approved to Form Four Joint Ventures in India & Nepal
AI Summary
SJVN Ltd has received approval from the Department of Investment & Public Asset Management (DIPAM) to form four joint ventures for the development of hydro and renewable energy projects in India and Nepal. The company will be the leading partner in three joint ventures, while its wholly owned subsidiary SJVN Green Energy Limited will be the leading partner in the fourth joint venture. The joint ventures will be for the development of 5,000 MW RE projects, 1,878 MW Oju Hydro Electric Project, 900 MW Upper Karnali Hydro Electric Project, and 1,000 MW RE projects in Assam.,
Key Highlights
- SJVN Ltd approved to form four joint ventures for hydro and renewable energy projects in India and Nepal
- Company to be the leading partner in three joint ventures, while SJVN Green Energy Limited to be the leading partner in the fourth joint venture
- Joint ventures to develop 5,000 MW RE projects, 1,878 MW Oju Hydro Electric Project, 900 MW Upper Karnali Hydro Electric Project, and 1,000 MW RE projects in Assam