The SJVN Ltd (formerly Nathpa Jhakri Power Corporation Limited – NJPC ) was incorporated on May 24, 1988 as a joint venture of the Government of India ( GOI ) and the Government of Himachal Pradesh (GOHP) to plan, investigate, organize, execute, operate and maintain Hydro-electric power projects. The present authorized share capital of SJVN is Rs 7000 crores.
The Nathpa Jhakri Hydro – Electric Power Station– NJHPS ( 1500 MW ) was the first project undertaken by SJVN for execution. In addition to the financial assistance from the World Bank, SJVN has also been financed as loan by a Consortium of European Banks, the Power Finance Corporation ( PFC ) and various domestic commercial banks.
Since the commissioning of the largest underground 1500 MW Hydro Electric Power Project, NJHEP with the gigantic efforts made by its engineers, workers and all its associates, the first project allocated to SJVN, the Corporation expanded its base from a single project to a Multi Project and thereafter from a presence in a single state to a pan- Indian Corporation and established its footprint in the neighbouring countries of Nepal & Bhutan.
SJVN is currently constructing the 412 MW Rampur Hydro Electric Project in the state of Himachal Pradesh. SJVN is also implementing three hydro projects (252 MW Devsari, 60 MW Naitwar Mori and 51 MW Jakhol Sankri) in the state of Uttarakhand. Further, SJVN has also been allocated Luhri Hydro Electric Project (775 MW) and Dhaulasidh HEP (66 MW) in the state of Himachal Pradesh for preparation of Detailed Project Report and subsequent execution. Further, SJVN is entering into a Joint Venture for the implementation of 1500 MW Tipaimukh HE Project in Manipur with an equity participation to the extent of 26%.
According to reports, the company will set up wind power project having a capacity of 50 MW by next year entailing an investment of Rs 300 crore.
“We are diversifying in renewable energy resources… We are going to set up 50 MW wind mill in 4-5 states where wind energy is available. ”
“… Tamil Nadu, Maharashtra, Andhra Pradesh, Kerala, Rajasthan and some portions of Madhya Pradesh and Gujarat have been shortlisted,” SJVN Chairman and Managing Director R P Singh told PTI.
According to him, tenders for the proposed wind power project are in advanced stage of preparation and the wind mills are expected to be in place next year.
“By June… We will able to float the tender. So, hopefully, we want to complete the tender process by year-end.”
“If everything goes well, by next year, we will be able add to our company’s megawatt an installed capacity of another 50 MW,” Singh said.