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SJVN Signed MoU with Ministry Of Power in New Delhi Details, Purpose
SJVN Signed MoU with Ministry Of Power in New Delhi- Details, Purpose
SJVN Limited has signed a Memorandum of understanding (MoU) with Ministry of Power for the year 2018-19.
The MoU was signed by Ajay Kumar Bhalla, Secretary (Power) and Shri Nand Lal Sharma, Chairman & Managing Director, SJVN on 20th April 2018 in New Delhi.
As per the targets set in the MOU, SJVN shall strive to achieve 9200 Million Units generation during the year under ‘Excellent’ category. Further, SJVN will have Capital Expenditure (CAPEX) target of Rs. 900 crore and Turnover target of Rs. 2175 crore under the Excellent category.
In FY 2017-18, against the target of 8950 Million Units (under ‘Excellent’ category), SJVN generated 9280 Million Units from its projects under operation with an installed capacity of 1964 MW. SJVN has already paid an interim dividend of Rs. 785.95 crores to its shareholders in FY 2017-18.
SJVN Limited is the operator of one of the largest Hydro Power Plants in the country of1500 MW Nathpa Jhakri Hydro Power Station built over Sutlej River in Himachal Pradesh.
