SJVN surpasses power generation targets

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Surpassing the MoU targets of generating 8,700 million units of electricity, SJVN (Satluj Jal Vidyut Nigam) Ltd has achieved generation of 9,045 million units from its three power plants during the financial year 2016-17, according to RN Misra, Chairman & Managing Director (CMD) of the company.

SJVN is a central Public Sector Unit in joint venture with Himachal Pradesh government.

The CMD said that the country’s largest 1500 MW Nathpa Jhakri Hydro Power Station in HP had recorded a 103.5 per cent achievement of the targets with a generation of 7,050.62 million units while the downstream 412 MW Rampur Hydro Power Station in the state had surpassed the targets by 110 million units with a generation of 1,960.36 million units. SJVN's 47.6 MW wind power station at Khirvire in Ahmednagar district of Maharashtra has generated 34 million units of electricity.

Misra told that hydro power generation being core strength of the company; the engineers of SJVN have been successful in achieving the records with efficient machine and water management. Taking advantage of the lean season, the project engineers have already completed the annual maintenance of machines in record time. The machines of the two projects are ready to perform on full efficiency during the ensuing summer season.

He said that on account of its excellent financial performance the company had declared the highest ever interim dividend of Rs.930.74 Crore @ Rs.2. 25 per share and has already been paid to the shareholders. Government of India having 64.46 per cent equity holding in the company was paid Rs.599.99 Crore while the Government of Himachal Pradesh holding 25.51 per cent equity was paid Rs.237.38 Crore he told. General public holding 10.03 per cent of the equity has been paid Rs.93.37 Crore.

He informed that SJVN has now successfully ventured Pinto the field of solar power generation with the commissioning of 5 MW Charanka Solar Power Project in the state of Gujarat during financial year 2016-17.

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