State-owned SJVN on Friday said Ministry of New and Renewable Energy has approved development of 400 MW solar park by the company at Kinnaur in Himachal Pradesh.
According to a company statement, an in-principle approval has been accorded by the ministry for development of this project under Ultra Mega Renewable Energy Power Parks of its solar park scheme.
Company's Chairman and MD Nand Lal Sharma said SJVN is the Solar Power Park Developer (SPPD) for all renewable energy projects in Himachal Pradesh.
"Government of Himachal Pradesh had recommended to commission this solar park by SPPD of the state. Being the Nodal Agency for National Level Renewable Development for Himachal, SJVN has been entrusted with this responsibility by MNRE," he said.
SJVN is gearing up for preparation and submission of Detailed Project Report (DPR) at the earliest in accordance with the timelines of the solar park scheme.
Sharma further said SJVN is already preparing DPR for 880 MW Kaza Solar Park in Himachal Pradesh.
Besides being eco-friendly, development of these solar parks will usher in host of economic activities, community and infrastructural development and multiple direct & indirect employment opportunities to the locals.
Presently, SJVN has a portfolio of more than 16,400 MW and with this latest addition, the renewable energy portfolio is now 3054.5 MW.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU