SJVN Limited honored with the CBIP Award 2020

Shimla: SJVN Limited has been honored with the CBIP Award-2020 of Best Performing Hydro Power Company. Sh. Rattan Lal Kataria, Hon’ble Union Minister of State for Jal Shakti, presented the Award to Shri Nand Lal Sharma Chairman & Managing Director at a function organized by Central Board of Irrigation and Power (CBIP) in New Delhi. The award was presented in the august presence of Sh. R.K. Jain, Chairman, Central Water Commission, Shri P.S. Mhaske, Chairman, Central Electricity Authority and Shri V.K. Kanjlia, Secretary, CBIP. On this occasion Sh. R.K. Bansal Director (Electrical), SJVN was also present.

 

Sh. Nand Lal Sharma, Chairman & Managing Director informed that SJVN has received this award for outstanding contribution to the Nation by setting New Bench Mark in Generation & Maintenance of Hydro projects and use of latest State of Art Technologies and smart solutions for tackling major silt erosion problems. SJVN’s Flagship 1500 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%.

 

He further told that against the MoU target of generation of 9100 million units of electricity for current financial year from its power stations, SJVN has generated more than 9270 million units during current financial year till date. He further told that financial position of SJVN also remained healthy with a total revenue amounting to Rs. 2908.99 crore and net profit of Rs. 1364.29 crore in FY 2018-19.This year SJVN is sure of making capital investment of Rs. 1200 crore in the construction of power projects in India and abroad. Shri Sharma informed that for next Financial Year a CAPEX of Rs. 2880 crore is planned. Whereas SJVN has ambitious target of Rs. 25000 crore investment in ongoing and up-coming projects in 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 5000 MW by 2023, 12000 MW by 2030 and 25000 MW by year 2040.

Central Board of Irrigation and Power (CBIP), a Premier Institution, rendering dedicated services to professional organizations, engineers and individuals for more than 87 years for excellence in Power Sector.