Monday, August 8, 2022

SJVN signs MoU with Govt, proposes turnover target of Rs 2800 Cr

Must read

  • SJVN signs MoU with Ministry of Power, Govt. of India detailing targets for the year 2020-21

  • SJVN's capex target of Rs.2880 Crores and Turnover target of Rs. 2800 Crores under the ‘Excellent’ category

New Delhi/ Shimla: SJVN Limited signed a Memorandum of Understanding (MoU) with Govt. of India for the year 2020-21 today. The MOU was signed between Shri S.N. Sahai, Secretary (Power), Government of India and Nand Lal Sharma, Chairman & Managing Director, SJVN. The MoU was signed through Video Conferencing. As per the targets set in MOU, SJVN shall strive to achieve 9680 Million Units of electricity generation during the year under the ‘Excellent’ category. Further, SJVN will have Capital Expenditure (CAPEX) target of Rs.2880 Crores and Turnover target of Rs. 2800 Crores under ‘Excellent’ category along with other targets related to operational efficiency and Project monitoring.

Geeta Kapur, Director (Personnel), SP Bansal, Director(Civil), AK Singh, Director (Finance), and Sushil Sharma Director (Electrical), along with other senior officers from SJVN attended the MoU signing.

Also read: NTPC to spend Rs 21,000 cr on capex, generate 340 BU power in FY21

During the conference, Nand Lal Sharma apprised Secretary (Power) that with an installed capacity of 2016 MW, SJVN has already paid a dividend of Rs 864.56 crores to its shareholders for FY 2019-20 against Rs 844.91 crores paid during the previous financial year. He further told that SJVN has bagged two solar projects viz 100 MW Dholera Solar Power Project & 100 MW Raghanesda Solar Power Project at tariffs of  Rs 2.80 /Unit  And Rs 2.73 per unit respectively from Gujarat Urja Nigam Limited (GUVNL).

CMD Nand Lal Sharma also informed that SJVN is implementing Thirteen (13) Hydro Projects in Himachal Pradesh, Uttarakhand, Nepal & Bhutan. In addition to this SJVN is also implementing 1320 MW Buxar Thermal Power Project in Bihar. He further said that SJVN is pursuing Power Projects in India and in neighbouring countries & SJVN is also in talks with Government of Nepal and Government of Arunachal Pradesh to tap hydro potential in their territories.

While reiterating his belief in Team SJVN, Sharma said that SJVN is vigorously marching forward for achieving installed capacity of 5000 MW by 2023, 12000 MW by 2030 and 25000 MW by the year 2040.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)

- Advertisement -

More articles

- Advertisement -

Latest News