SJVN signs MoU with Ministry of Power to achieve 9200 Million Units in FY 2018-19
Hydro power major Sutlej Jal Vidut Nigam (SJVN) Limited has signed Memorandum of Understanding (MoU) with Ministry of Power for generating 9200 million units for the year 2018-19. The MoU was signed in New Delhi by Power Secretary Ajay Kumar Bhalla and SJVN Chairman & Managing Director (CMD) Nand Lal Sharma.
Key Facts
As per set targets in the MoU, SJVN will achieve 9200 Million Units generation during FY 2018-19 under ‘Excellent’ category. Further, SJVN will have Capital Expenditure (CAPEX) target of Rs. 900 crore and Turnover target of Rs. 2175 crore along with other targets related to operational efficiency and project monitoring.
Sutlej Jal Vidut Nigam (SJVN)
SJVN Limited is a Mini Ratna and Schedule ‘A’ Central Public Sector Undertaking (CPSU) under Ministry of Power. It is joint venture between Central Government (64.46% share) and Government of Himachal Pradesh (25.51% share). It was incorporated in 1988. It is headquartered in Shimla, Himachal Pradesh.
The present installed capacity of SJVN is 1,964 MW (comprising of 1912 MW Hydro, 47.6 MW Wind Power, 5 MW Solar Power). SJVN is successfully operating country’s largest 1500 MW Nathpa Jhakri Hydropower Station. In FY 2017-18, SJVN had generated 9280 Million Units from its projects under operation with installed capacity of 1964 MW against target of 8950 Million Units (under Excellent category). Currently, SJVN has four projects with capacity of 1610 MW under construction.
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Month: Current Affairs - April, 2018