SJVN CMD meets Chief Minister of Himachal Pradesh

New Delhi: SJVN Limited's Chairman & Managing Director (CMD) Nand Lal Sharma had a meeting with the Chief Minister of Himachal Pradesh Sukhvinder Singh at Shimla.

Sharma apprised the Chief Minister about the portfolio of the company and gave a detailed presentation on operational and financial performance, various projects being implemented in Himachal Pradesh, other states of India and in neighbouring country Nepal, CAPEX achievement and future investment plan of SJVN.

Sharma informed that the flagship Power Stations 1500 MW NJHPS and 412 MW Rampur HPS, both located in Himachal Pradesh are setting new records in energy generation. Till date, SJVN has paid dividends of Rs 2,356 crores against the equity Rs 1,055 crores and free electricity equivalent to Rs 7,000 crores as 12 percent free power to Govt of Himachal Pradesh.

Sharma stated that, the company performed exceptionally well and surpassed the CAPEX target of Rs 5,000 crores in FY 2021-22 and is set to achieve target of Rs 8,000 crores in current fiscal year. SJVN aims to be 5000 MW by 2023-24, 25,000 MW by 2030 and 50,000 MW company by 2040 and plans to invest Rs 1.6 lakh crores by 2030 and Rs 2.3 lakh crores by 2040. In the meeting, various issues in the implementation of projects in Himachal Pradesh were also deliberated. After in-depth discussions, Hon'ble Chief Minister directed the concerned departments present in the meeting to resolve the issues related to projects at the earliest, to facilitate overall socio-economic development of the state.

Singh expressed satisfaction that SJVN's Power Stations have achieved & maintained Plant Availability Factor of more than 100 percent. Singh appreciated the contribution of SJVN in the development of Himachal Pradesh. He also assured to extend all support by the Government of Himachal Pradesh in the early execution & commissioning of the SJVN's projects in the state.

On this occasion, Chief Parliamentary Secretary, Sanjay Awasthy, MLA Dharampur, Chander Shekhar, Chief Secretary Prabodh Saxena, Principal Secretary to CM Bharat Khera, Principal Private Secretary to CM Vivek Bhatia, Director of Energy of HP Harikesh Meena, OSD to CM Gopal Sharma, HPSEB's Managing Director Pankaj Dadwal and senior officials from SJVN and Govt of HP were also present.

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