SJVN Green Energy Ltd (SGEL), a subsidiary of the state-owned SJVN Ltd, announced on Monday that it has signed two agreements to supply 1,200 MW of solar energy from its projects to Punjab State Power Corporation.

"SJVN signed two Power Purchase Agreements (PPA) for 1,200 MW solar power in the august presence of Punjab, Bhagwant Mann and Nand Lal Sharma, Chairman & Managing Director, SJVN at Sangrur, Punjab," a company statement said.

According to the statement SJVN through its wholly-owned subsidiary SGEL has signed two PPAs (power purchase agreements) with Punjab State Power Corporation Ltd (PSPCL) for 200 MW Solar Project(s) to be developed anywhere in Punjab and another for 1,000 MW Solar Project(s) to be developed anywhere in the country.

"These projects shall be developed within 18 months on Build Own and Operate basis and will involve an investment of around Rs 7,000 crore," it stated.