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SJVN Limited conferred with CBIP Award 2020

SJVN Limited has been honoured with the CBIP Award 2020 of best-performing hydropower company for its contribution to the hydropower sector
New Delhi: SJVN Limited has been honoured with the CBIP Award 2020 of best-performing hydropower company. Union Minister of State for Jal Shakti, Rattan Lal Kataria presented the award to SJVN Limited's Chairman & Managing Director (CMD) Nand Lal Sharma at a function organised by Central Board of Irrigation and Power (CBIP) in New Delhi. The award was presented in the august presence of Central Water Commission's (CWC) Chairman RK Jain, Central Electricity Authority's (CEA) Chairperson Prakash Mhaske and CBIP's Secretary VK Kanjlia. On this occasion, SJVN Limited's Director (Electrical) RK Bansal was also present. NL Sharma informed that SJVN has received this award for outstanding contribution to the nation by setting new benchmarks in generation and maintenance of hydro projects and use of latest state of art technologies and smart solutions for tackling major silt erosion problems. SJVN’s flagship 1,500 MW Nathpa Jhakri Hydro Power Station and 412 MW Rampur Hydro Power Station has been invariably exceeding their design energy targets and their plant availability factors are constantly being above 100 percent. He further told that against the MoU target of generation of 9,100 million units of electricity for the current financial year from its power stations, SJVN has generated more than 9,270 million units during the current financial year till date. He told that the financial position of SJVN also remained healthy with total revenue amounting to Rs 2,908.99 crore and net profit of Rs 1,364.29 crore in FY 2018-19. This year SJVN is sure of making a capital investment of Rs 1,200 crore in the construction of power projects in India and abroad. Sharma also informed that for the next financial year (FY2020-21) a CAPEX of Rs 2,880 crore is planned. Whereas SJVN has an ambitious target of Rs. 25,000 crore investment in ongoing and upcoming projects in the next five years. SJVN has also forayed into the fields of Renewable Energy, Power Transmission and Thermal. SJVN has envisaged internal growth targets and is vigorously marching forward for achieving installed capacity of 5,000 MW by 2023, 12,000 MW by 2030 and 25,000 MW by the year 2040.

Central Board of Irrigation and Power (CBIP)

Central Board of Irrigation and Power (CBIP), a Premier Institution, rendering dedicated services to professional organisations, engineers and individuals for more than 87 years for excellence in Power Sector. Disclaimer: This story is a press release and is being published without any editing by PSU Watch desk. Our editorial team has only changed the headline.