SJVN has signed a memorandum of understanding with Bharat Heavy Electrical ( BHEL ) to jointly develop commercial solar projects in India . The companies will enter competitive bidding processes based on tariffs and viability gap funding to develop future projects , with BHEL serving as SJVN 's engineering , construction and project management contractor . This is one of steps for SJVN towards becoming 5000 mw company by 2023, and 25000 mw by 2040. SJVN is currently developing commercial solar and wind installations with a combined 2 GW in total . The projects form part of the company 's aim of installing 10 GW of renewable capacity by 2023 .
SJVN has signed a memorandum of understanding with Bharat Heavy Electrical ( BHEL ) to jointly develop commercial solar projects in India . The companies will enter competitive bidding processes based on tariffs and viability gap funding to develop future projects , with BHEL serving as SJVN 's engineering , construction and project management contractor . SJVN is currently developing commercial solar and wind installations with a combined 2 GW in total . The projects form part of the company 's aim of installing 10 GW of renewable capacity by 2023 .