New Delhi, Jun 26 (UNI) The Satluj Jal Vidyut Nigam Limited (SJVN) on Monday signed a Memorandum of Understanding (MoU) with Govt. of India for the year 2019-20.
The MOU was signed between Power Secretary Ajay Kumar Bhalla and SJVN Chairman & Managing Director Nand Lal Sharma, an official statement said here today.
As per the targets set in MOU, SJVN shall strive to achieve 9100 Million Units of electricity generation during the year under ‘Excellent’ category.
Further, SJVN will have Capital Expenditure (CAPEX) target of Rs.1175 Crores and Turnover target of Rs. 2450 Crores under Excellent category along with other targets related to operational efficiency and Project monitoring.
During the occasion, Mr Sharma apprised the Power Secretary that with an installed capacity of 2015 MW, SJVN has already paid an interim dividend of Rs. 589.47 crores to its shareholders in 2018-19 financial year.
He further told that SJVN has recently awarded the main plant works of 1320 MW Buxar Thermal Power Project through its wholly owned subsidiary SJVN Thermal Private Limited (STPL) on EPC basis.
Mr Sharma assured Secretary that SJVN will definitely achieve the ambitious targets of becoming 5000 MW Company by 2023, 12000 MW Company by 2030 and 25000 MW Company by 2040.
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