State-owned SJVN has inked a memorandum of understanding with engineering firm BHEL and REMC Limited to develop renewable energy projects. SJVN CMD Nand Lal Sharma in a statement on Monday said that the company has entered into a landmark agreement with REMC Limited and BHEL for the development of renewable energy projects for Indian Railways.
The signing of the MoU would usher in a new era of more efficient consumption of power in the Indian Railways, while also leading to more competitive tariffs for the overall benefit of consumers, according to the statement.
