SJVN signed a MoU with Govt. of India for the year 2020-21 MOU

 

SJVN signed a MoU with Govt. of India for the year 2020-21

 

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 Shri 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 ‘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.
 
Smt. Geeta Kapur, Director (Personnel), Sh. S.P. Bansal , Director(Civil), Sh. A.K. Singh, Director (Finance), and Sh. Sushil Sharma Director (Electrical), along with other senior officers from SJVN attended the MoU signing.
 
During the conference Sh. 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 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).
 
Sh. 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, Sh. 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 year 2040.


Posted Date :  29-09-20

Categories : MOU

Tag Cloud: MOU

Similar news

NHPC completed the signing of PSA and PPA with Discoms SPDs

New Delhi: NHPC has successfully completed the signing of PSA/PPA with Discoms/SPDs under the leadership and guidance of Shri A.K Singh CMD of NHPC on October 20, 2020, on back to back basis for entire 2000 MW solar power as an intermediary procure. The signing of PSA/PPA for 2000 MW solar p
Posted Date :  21-10-20

Read more

GRSE signs MoU with IMC

Kolkata: GRSE shall collaborate with Govt.Industrial Training Institute (ITI), Gariahat, Kolkata for skill development activities under CSR.   A MoU between the GRSE and IMC of the Institute was signed on 16 Oct 2020 by Shri ÀK Mahapatro, GM (ER&A), GRSE and Shri Tapan Roy
Posted Date :  17-10-20

Read more

REC infuses liquidity to the tune of Rs. 2790 crore

New Delhi: State-run REC Limited, one of India’s premier NBFCs, has sanctioned Rs. 2790 crore to Jammu Kashmir Power Corporation Limited (JKPCL). The two parties on Friday signed an agreement for the liquidity infusion scheme under the Aatmanirbhar Bharat Abhiyan for the Union Territory of
Posted Date :  17-10-20

Read more

GAIL Signs Pipeline Right to Use Agreement with NRL

New Delhi: A historic ‘Pipeline Right to Use (RoU) sharing Agreement’ was inked between NRL and GAIL (India) Limited on 14th October 2020.    The agreement was signed by GM (Project) NRL -Mr. P.J Sarma and GM (Projects), GAIL- Mr. K.K Sachdeva in presence of MD NRL-
Posted Date :  16-10-20

Read more

PFC signed agreement for Liquidity Infusion Scheme

New Delhi: PFC has signed/exchanged agreement for Liquidity Infusion Scheme under “Aatmanirbhar Bharat Abhiyaan” for UT of J&K.   PFC has sanctioned Rs2790 crore to JKPCL for clearance of outstanding dues of CPSU, GENCOs & TRANSCOs, IPPs and RE Generators as
Posted Date :  16-10-20

Read more

BEL join hands with the Government of India in this campaign

New Delhi: The Government of India is taking all necessary steps to ensure that we are prepared well to face the challenge and threat posed by the growing pandemic of COVID-19, due to the novel Corona Virus. With the active support of the people of India, we have been able to contain the spread o
Posted Date :  14-10-20

Read more

GAIL signed investment agreements with 9 Start-Ups in FY2019-20

New Delhi: GAIL is dedicated towards Govt of India's clarion call of Vocal For Local. In its bid to further the vision of start-up India and promote young entrepreneurs, GAIL signed investment agreements with 9 Start-Ups in FY2019-20. The company now supports a total of 24 Start-Ups.
Posted Date :  12-10-20

Read more

Morarji Desai National Institute of Yoga signs MoU with ICCR

New Delhi: Yoga Education based in Indian traditions added an international dimension yesterday with the MoU signed between the Morarji Desai National Institute of Yoga (MDNIY) and the Indian Council for Cultural Relations (ICCR).  Dr. I. V. Basavaraddi, Director, Morarji Desai National Inst
Posted Date :  10-10-20

Read more

All India Institute of Ayurveda signs MoU with Amity University

New Delhi: An MoU with considerable significance for promoting research in Ayurvedic sciences was signed between the All India Institute of Ayurveda (AIIA) and the Amity University on the 7th of October 2020 at a Memorandum of Understanding Signing Ceremony.  As a major objective of the MoU,
Posted Date :  10-10-20

Read more

BHEL signs MoU with EESL

New Delhi: BHEL signs MoU with EESL to explore opportunities and develop the network of Smart Grid based Distribution Transformer Monitoring System for Power Distribution Sector on pan-India basis.
Posted Date :  09-10-20

Read more

POWERGRID signed MoU with Ministry of Power Govt. of India

New Delhi: Power Grid Corporation of India Ltd. (POWERGRID) has signed Memorandum of Understanding (MoU) with Ministry of Power, Govt. of India on September 29, 2020. The MoU has been signed by Shri Sanjiv Nandan Sahai , Secretary (Power), Government of India and Shri K. Sreekant, Chairman & Mana
Posted Date :  30-09-20

Read more

NTPC signs MoU with Government

New Delhi: NTPC Ltd, India's largest power producer, will aim for a revenue of Rs 98,000 crore from operations and 340 BU of electricity generation as part of its ‘Memorandum of Understanding’ (MOU) with Ministry of Power for financial year 2020-21. The MoU was signed by Shri Sanjiv N
Posted Date :  30-09-20

Read more

CCL signed MoU with CIPET

New Delhi: An MOU, under CCL CSR Initiative has been signed with CIPET, Ranchi for providing 6 months residential training in plastic technology to 320 project affected persons (PAPs). CCL will bear complete cost of ? 2.24 Cr. 178 out of 200 PAPs undergone training earlier were placed in diff
Posted Date :  29-09-20

Read more

SJVN signed a MoU with Govt. of India for the year 2020-21

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 Shri Nand Lal Sharma, Chairman & Managing Director, SJVN. The MoU was signed through Video Confere
Posted Date :  29-09-20

Read more