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“Source: IBEF”

SJVN Ltd entered memorandum of understanding (MoU) with Bharat Heavy Electrical Ltd (BHEL) for development of solar power plants in India.

The aim of the MoU is to develop partnership between parties to mutually engage in the commercialization of solar power plant through participation in tariff/viability gap funding based competitive bidding process.

According to MoU, BHEL will be act as an engineering, procurement, construction and project management contractor for SJVN projects. BHEL will also be responsible for operation and maintenance services after assigning of the project.

SJVN Ltd has authorized five projects totalling 2015.2 megawatt (mw) of installed capacity involving solar and wind.

The company is currently executing power projects in Himachal Pradesh, Uttarakhand, Bihar, Maharashtra and Gujarat in India and in neighbouring countries like Nepal and Bhutan.