SJVN Begins 200 MW Khavda Solar Project in Gujarat, Foundation Laid by PM Modi

Prime Minister Narendra Modi has laid the foundation stone for SJVN’s 200 MW solar power project at Khavda, Gujarat. This project is part of India’s push to accelerate renewable capacity and reduce dependence on fossil fuels. Financials & Outlook SJVN, a joint venture of the Government of India and Himachal Pradesh, continues to strengthen its renewable energy portfolio beyond hydropower. The company has set an ambitious target of achieving 25 GW of generation capacity by 2030, with solar playing a crucial role. Backed by stable revenues from regulated hydropower operations, SJVN has the financial base to fund large-scale solar expansion. Growth Drivers Strong government support and policy incentives for renewables. Strategic presence in Gujarat’s Khavda region, one of the largest renewable energy zones. Diversification into solar enhances long-term earnings visibility. Risks to Watch Execution delays and rising capital expenditure for solar installations. Dependence on land acquisition and transmission infrastructure in renewable parks. Competitive bidding pressure could compress margins. Weather conditions and panel supply chain issues may impact efficiency.