The PSU aims to achieve 9680 Million Units of electricity generation during the year under ‘Excellent’ category
CAPEX target of Rs.2880 Crores and Turnover target of Rs. 2800 Crores under ‘Excellent’ category are also part of MOU
New Delhi: SJVN Limited signed a Memorandum of Understanding (MoU) with Govt. of India for the year 2020-21 today. The MOU was signed between S.N. Sahai, Secretary (Power), Government of India and Nand Lal Sharma, Chairman & Managing Director, SJVN. The MoU was signed through Video Conferencing.
As per the targets set in MOU, SJVN shall strive to achieve 9680 Million Units of electricity generation during the year under ‘Excellent’ category. Further, SJVN will have Capital Expenditure (CAPEX) target of Rs.2880 Crores and Turnover target of Rs. 2800 Crores under ‘Excellent’ category along with other targets related to operational efficiency and Project monitoring.
MD Nand Lal Sharma apprised Secretary (Power) that with an installed capacity of 2016 MW, SJVN has already paid a dividend of Rs. 864.56 crores to its shareholders for FY 2019-20 against Rs. 844.91 crores paid during previous financial year. He further told that SJVN has bagged two solar projects viz 100 MW Dholera Solar Power Project & 100 MW Raghanesda Solar Power Project at tariffs of Rs. 2.80 /Unit. And Rs. 2.73 per unit respectively from Gujarat Urja Nigam Limited (GUVNL).
SJVN is implementing Thirteen (13) Hydro Projects in Himachal Pradesh, Uttarakhand, Nepal & Bhutan. In addition to this SJVN is also implementing 1320 MW Buxar Thermal Power Project in Bihar. SJVN is also pursuing Power Projects in India and in neighbouring countries and also in talks with Government of Nepal and Government of Arunachal Pradesh to tap hydro potential in their territories.