Saturday, August 13, 2022

SJVN CMD wants more hydropower projects in Uttarakhand, meets CM

Must read

New Delhi: SJVN Limited Chairman & Managing Director (CMD) Nand Lal Sharma met the Chief Minister of Uttarakhand Pushkar Singh Dhami at Dehradun. During the meeting, Sharma expressed keen interest to invest in more hydropower projects in Uttarakhand. He informed that SJVN is on an exponential growth drive in the field of developing Energy and at present, it is working in the field of hydro, wind, solar and thermal sectors. Besides developing projects across the nation, SJVN is also operating in the neighbouring countries of Nepal and Bhutan.

Sharma informed Chief Minister that the 60 MW Naitwar Mori Hydroelectric Project, which is under construction in the Uttarkashi district of Uttarakhand is in advance stages and is likely to be completed by June 2022. He further informed that SJVN has the requisite expertise in the construction and operation of hydro projects in Himalayan terrain and requested to allot more projects in Tons and Yamuna Valley to SJVN. Chief Minister appreciated the progress of project activities and assured all cooperation of the state government.

Sharma apprised that the total profit of SJVN before tax for the year 2020-21 is Rs 2,168.67 crore, which is the highest ever. He said that at present SJVN has a reserve of Rs 8,032 crores. He said that at present SJVN has a power generation capacity of 2,016.51 MW besides this SJVN is also constructing transmission lines.

SJVN currently has more than 11,000 MW power projects in its portfolio and recently has received a 1,000 MW grid-connected solar PV solar project through Request for Proposal (RFP) from IREDA.

Sharma apprised that SJVN is also working in the construction of 345 MW solar power projects in Uttar Pradesh, Bihar and Gujarat. SJVN has a shared vision of achieving 5,000 MW by 2023, 12,000 MW by 2030 and 25,000 MW by 2040 to meet the company's short-medium-long term objectives.

Sharma also met Chief Secretary of Uttarakhand SS Sandhu and Secretary (Energy) Sowjanya and requested their cooperation for expeditious construction of under-construction projects in Uttarakhand and allotment of more projects in the state.

 On this occasion, SJVN's Executive Director V Sankaranarayanan, Chief GM & Head of Project of Naitwar Mori HEP SK Singh and Senior Additional General Manager Ashish Pant were also present.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

- Advertisement -

More articles

- Advertisement -

Latest News