SJVN gets Power Trading License for interstate electricity trading
The efficient execution of electricity trading in a competitive environment will ultimately benefit consumers.
NEW DELHI: A key regulator of the power sector in India, the Central Electricity Regulatory Commission (CERC) has granted Power Trading License to the public sector undertaking SJVN Limited for interstate trading of electricity. The Commission said that SJVN meets the requirements of the Act and the Trading License Regulations for grant of inter-State Power Trading License.
Shri Nand Lal Sharma, Chairman & Managing Director, SJVN stated that Trading License will be a big boost to its business and add up to its revenues substantially. The efficient execution of electricity trading in a competitive environment will ultimately benefit consumers.
The company is also involved in the under-construction hydroelectric projects in Nepal and Bhutan. SJVN is now a listed Company having a shareholders pattern of 59.92 % with Govt. of India, 26.85% with Govt. of Himachal Pradesh, and the rest of 13.23 % with the Public. The present paid-up capital and authorized capital of SJVN is Rs. 3,929.79 Crore and Rs. 7,000 Crore respectively. The Net Worth as on 31.03.2021 is Rs.12761.84 Crore.
Currently, SJVN is aiming to be a 5000 MW company by 2023, 12000 MW company by 2030 and 25000 MW company by 2040.