State-owned SJVN has signed an initial pact with Rajasthan Electronics and Instruments (REIL) for development of solar projects. REIL would provide consultancy services to SJVN in setting up solar energy projects across the country. An MoU to this effect was signed recently. REIL is under the administrative control of Ministry of Heavy Industries, having the mandate to implement and promote solar PV projects of Ministry of New & Renewable Energy.
SJVN has a portfolio of 41 projects of 16,422 MW capacity and has already won 1,670 MW solar power capacity through a competitive bidding process. The company is targeting capex of Rs 8,000 crore in FY23.