New Clean Energy Arm To Be Incorporated By SJVN
Hydroelectric power generation company, SJVN has incorporated a new subsidiary for executing renewable projects. The new subsidiary SJVN Green Energy Ltd (SGEL) shall work in the verticals of power generation from renewable sources such as solar parks, wind & hybrid projects, and battery energy storage systems among others. In a statement it was informed that the subsidiary is incorporated with an authorized and paid-up capital of Rs 50 crore, and shall work as a special purpose vehicle of SJVN.