SJVN doubles its installed power generation capacity target to 50,000 MW by 2040

Q1 FY23: SJVN net jumps over 78% to Rs 609 crore in June quarter
  • Revising the previously laid out target of 12,000 MW for 2025, SJVN now plans to achieve installed power generation capacity of 25,000 MW by 2030
  • Growing portfolio of SJVN has necessitated this upward revision of Shared Vision, said SJVN CMD

New Delhi: State-run SJVN Ltd has doubled its installed power generation capacity target for 2040 from 25,000 MW to 50,000 MW, the PSU said in an official statement on Wednesday. Nand Lal Sharma, SJVN’s Chairman & Managing Director (CMD), said that SJVN has upgraded its ‘Shared Vision’ targets to 5,000 MW by 2023, 25,000 MW by 2030 and 50,000 MW by 2040. Earlier, the company had plans to put in place 5,000 MW installed capacity by 2023, 12,000 MW by 2025 and 25,000 MW by 2040. The targets were spelled out on the 31st Raising Day of SJVN on May 24, 2018. 

“This revision has resulted from addition of multiple projects in its portfolio and already established repute of successfully operating and implementing mega Hydro Projects in India and abroad. After Hydro, Company has successfully added varied business verticals and forayed into Thermal, Solar, Wind Power Generation, Power Transmission and Power Trading,” said SJVN.

Growing portfolio of SJVN necessitated this revision: CMD

During the last three years, business development of the company has gained pace and made rapid strides. Sharma said, “Relentless efforts of SJVNites has led to Company Portfolio of more than 16,000 MW. Growing portfolio of SJVN has necessitated this upward revision of Shared Vision.”

Sharma had announced the revised Shared Vision targets of 5,000 MW installed capacity target by 2023, 25,000 MW by 2030 and 50,000 MW by 2040 during his Republic Day address. He said, “Four years back, SJVN had portfolio of 5,000 MW. Out of this, only 1,965 MW projects were under operation. Projects which were languishing on the drawing board for several years have been brought to the construction stage. Never before has SJVN been executing as many projects at a time as it is doing today.”

The construction activities are progressing at a fast pace in eight projects under development. These projects include 900 MW Arun 3 HEP in Nepal, 1,320 MW Thermal Project in Bihar, 600 MW Kholongchhu HEP in Bhutan, 210 MW Luhri HEP and 66 MW Dhaulasidh HEP in Himachal Pradesh and 60 MW Naitwar Mori HEP in Uttarakhand.

SJVN’s RE portfolio has expanded from 5.6 MW in 2017 to 2,750 MW

SJVN’s current solar and wind portfolio has expanded from 5.6 MW in 2017 to over 2,750 MW. The 880 MW Kaza Solar Project in HP, 1,000 MW IREDA solar project, 200 MW solar project in Bihar, solar projects in Uttar Pradesh, Punjab and Gujarat are under various stages of development. The 75 MW Parasan and 70 MW Bagodara solar projects are in advanced stage of development and are scheduled to be commissioned by August 2022.

The hydro portfolio of the company has also increased substantially. Under international competitive bidding, SJVN has recently obtained the prestigious 669 MW Lower Arun Project in Nepal. With 1,912 MW installed hydro capacity, projects of 10,556 MW capacity are under various stages of development in India, Nepal and Bhutan.

(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.)