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SJVN, Power Ministry ink MoU to achieve 9200 mn units this FY

4/21/2018

Agencies, New Delhi Hydro power major Sutlej Jal Vidut Nigam (SJVN) Limited on Friday signed a Memorandum of Understanding (MoU) with Ministry of Power for generating 9200 million units for the year 2018-19. The MoU was signed here by Power Secretary Ajay Kumar Bhalla and SJVN Chairman & Managing Director Nand Lal Sharma. As per the targets set in the MoU, SJVN shall strive to achieve 9200 Million Units generation during the year under ‘Excellent’ category. Further, SJVN will have Capital Expenditure (CAPEX) target of Rs. 900 crore and Turnover target of Rs. 2175 crore under the category along with other targets related to operational efficiency and Project monitoring, Power Ministry statement said. In FY 2017-18, against the target of 8950 Million Units (under ‘Excellent’ category), SJVN generated 9280 Million Units from its projects under operation with an installed capacity of 1964 MW. SJVN has already paid an interim dividend of Rs.785.95 crore to its shareholders in FY 2017-18. Currently, SJVN has four projects with capacity of 1610 MW under construction and another four projects with capacity of 2155 MW under various stages of clearances, soon to enter construction. SJVN envisages being a 5700 MW+ generating company in coming years.

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