In the letter of allotment issued by Directorate of Energy, Government of Himachal Pradesh the allotment of project is on Build, Own, Operate & Transfer (BOOT) basis for a period of 70 years.
SJVN chairman & managing director Nand Lal Sharma, thanked the Chief Minister of Himachal Pradesh, Jai Ram Thakur and state government for reposing confidence in SJVN. He assured that, SJVN will complete this project with in time bound manner and will contribute significantly in overall development of Project Affected Area. He further said that SJVN has necessary infrastructure in the area and this will be a key factor for completing this project on fast track.
He further said that the current installed generation capacity of SJVN is 2.0GW (comprising of 1.9GW Hydro + 85.6MW Wind Power+ 5.6MW Solar Power). He further added that, other than this project SJVN is in the process of implementing various projects, which are in different stages of development, which on completion will add an additional 4.02GW of capacity.
Projects with a potential of 1.57GW generation capacity are under construction, 1.85GW under Pre-Construction & Investment Approval and 598MW capacity is in the Investigation stage. SJVN is heading towards an unprecedented growth trajectory and the Company has mammoth projects of International repute in its kitty. SJVN has envisaged Internal Growth Targets, of an installed capacity of 5.0GW by 2022-23, target of 12GW by 2030 and 25GW by year 2040.
Sharma told that Hydro Power is the core strength of SJVN and the Company has the distinction of implementing India’s largest 1.5GW Nathpa Jhakri Hydro Power Station in Himachal Pradesh, which is down stream of this project. Besides, executing projects in Himachal Pradesh, SJVN is executing hydro projects in Nepal, Bhutan and Uttarakhand. SJVN has also forayed into the field of Renewable Energy, Power Transmission and Thermal.
Source: Company Press Release
