Page 5 - Sjvn

SJVN unit, Assam discom to form JV to set up 1kMW floating solar projects

State-owned SJVN on Monday said its arm SJVN Green Energy and Assam's power distribution company APDCL have inked a pact to form a joint venture to set up 1,000 MW floating solar projects worth Rs 6,000 crore in Assam. Nand Lal Sharma, Chairman & Managing Director, SJVN, informed in a statement that a Memorandum of Understanding (MoU) has been signed between SJVN's wholly-owned subsidiary SJVN Green Energy Ltd (SGEL) and APDCL (Assam Power Distribution Company Ltd) in Guwahati. According to the statement, the MoU has been inked for developing 1,000 MW floating solar power projects in Assam by incorporating a joint venture company in the presence of the state chief minister Himanta Biswa Sarma. The MoU was signed by Sharma and APDCL managing director Rakesh Kumar. Sharma said that the project will generate 2,192 million units in the first year after commissioning, and around 50,425 million units cumulative energy will be generated over 25 years. An investment of Rs 6,000 crore will

SJVN eyeing to develop 5,000 MW renewable energy projects in Punjab

After signing a pact for developing 10,000 MW solar projects and parks in Rajasthan, public sector SJVN is now eyeing to tap renewable energy in Punjab

SJVN to invest over Rs 1,000 cr in 3 solar projects in UP, says CMD Sharma

Power producer SJVN will invest over Rs 1,000 crore to set up three renewable energy projects in Uttar Pradesh.

SJVN inks pact with Tata Power Solar Systems for 1,000 MW solar project

State-owned SJVN Ltd on Thursday inked a pact with Tata Power Solar Systems to build a 1,000 MW solar project worth Rs 5,500 crore in Bikaner, Rajasthan. "SJVN today entered into an EPC agreement for 1,000 MW solar project in Bikaner, Rajasthan with M/s Tata Power Solar Systems Ltd," a company statement said. The contract agreement was signed in the presence of Nand Lal Sharma, Chairman and Managing Director of SJVN by Chief General Manager (ECD), SJVN S K Sood, and Vepul Jain, Chief - Business Development, Tata Power Solar Systems Ltd. Sharma said this Rs 5,500 crore-EPC contract is the country's biggest solar contract awarded till date. The contract includes end-to-end delivery of commissioned solar plant to SJVN including arrangement of land on outright purchase basis, power evacuation system up to the ISTS (inter-state transmission system) sub station, and operation and maintenance of the solar PV plant for three years. SJVN had secured this 1,000 MW solar project through CPSU

SJVN bags 90 MW floating solar project worth Rs 585 crore in Madhya Pradesh

State-run SJVN Ltd has bagged a 90 MW floating solar project worth Rs 585 crore at Omkareshwar, in Madhya Pradesh. SJVN has bagged 90 MW Floating Solar Project at the rate of Rs 3.26/Unit on Build Own and Operate basis in a tender floated by REWA Ultra Mega Solar Ltd (RUMSL), Nand Lal Sharma, Chairman & Managing Director, SJVN said in a statement. SJVN will develop this project in the country's largest floating solar park at Omkareshwar in Khandwa District of Madhya Pradesh. According to the statement, the cost of developing this project will be approximately Rs 585 crore. After commissioning, the project will generate 219 Million Units in the first year and 5,158 Million Units over a period of 25 years. The Power Purchase Agreement will be signed between RUMSL and SJVN for 25 years. The project shall be commissioned within a period of 15 months from the date of signing of PPA. "This is our largest floating solar project bagged through tariff-based competitive bidding process.

MNRE approves development of 400MW solar project in Kinnaur by SJVN

SJVN is gearing up for preparation and submission of Detailed Project Report (DPR) at the earliest in accordance with the timelines of the solar park scheme

SJVN signs papers to get Rs 6,333 cr loan for Arun-3 hydro project in Nepal

State-owned SJVN on Tuesday signed papers to get a Rs 6,333.40-crore loan from a consortium of banks from India and Nepal for funding of its Arun-3 power project in Nepal. "SJVN Arun-3 Power Development Company, a subsidiary of SJVN Ltd in Nepal, today (on Tuesday) signed term loan documents for drawl of Rs 6,333.40-crore loan with the consortium of banks from India and Nepal," the company said in a statement. The consortium, led by SBI India and PNB, have Exim Bank, Canara UBI & Everest Bank, Nepal & Nabil Bank, Nepal as consortium members, according to the statement. SJVN Chairman and Managing Director Nand Lal Sharma re-affirmed SJVN's commitment to complete the construction of 900-MW Arun-3 HEP (hydro electric project) in Nepal in the financial year 2023-24, one year ahead of the scheduled commissioning of the project in February 2025, as required under Project Development Agreement and Financing Documents. The documents were signed by Jitendra Yadav, chief finance ...

SJVN gets a letter of intent to supply 200MW solar power to Bihar

State-owned SJVN Ltd on Friday said it has got a letter of intent (LoI) for supply of 200 MW solar power to Bihar. "Bihar Renewable Energy Development Agency (BREDA) has issued LoI for procurement of 200 MW of power at a discovered tariff of Rs 3.11 per kWh from...SJVN from the company's grid connected solar power project being implemented in the state of Bihar," a company statement said. The LoI has been issued after approval of tariff by Bihar Electricity Regulatory Commission (BERC). SJVN will sign a power purchase agreement soon in this regard. Nand Lal Sharma, Chairman & Managing Director of SJVN said the company had bagged a grid connect solar power project in Bihar through an open competitive tariff bidding process for capacity of 200 MW during an e-reverse auction in August 2021. Sharma further said the tentative cost of construction and development of this project will be Rs 1,000 crore. The project is expected to generate 420.48 MU (million units) in the first year and .

SJVN gets category 'I' licence for inter-state trading of electricity

State-owned SJVN Ltd said it has been given category 'I' licence for the inter-state trading of power in the entire country by the Central Electricity Regulatory Commission

SJVN clocks highest ever 1,480 MU of electricity generation in Oct-Dec

State-run SJVN's power stations have clocked the highest ever 1,480 MU (million units) of electricity generation in the October-December quarter of 2021-22.

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State-owned power giant NTPC has bagged 1.9 GW solar projects in CPSU Scheme-II tender

SJVN profit rises nearly 13pc to Rs 342 cr in June quarter

The consolidated net profit of the company was Rs 303.90 crore in the quarter ended on June 30, 2020, a BSE filing said.

Nepal signs pact with SJVN for 679 MW Lower Arun Electric Hydel Project

Nepal Investment Board has said it has signed a pact with India's state-owned SJVN Ltd to develop the 679-megawatt (MW) Lower Arun Hydro Electric Project in eastern Nepal

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Bihar-based electronics retailer Aditya Vision plans to expand its retail footprints to neighbouring markets of Jharkhand, West Bengal, Eastern UP and Assam in the next two years

SJVN board approves plan to raise up to Rs 2,000 cr via bonds, debentures

The funds will actually be raised from time to time with the approval of a competent authority as per the powers delegated in this regard by the company's board

SJVN Q4 profit drops 13% to Rs 399 cr; total income falls to Rs 697.63 cr

Total income in the quarter declined to Rs 697.63 crore from Rs 874.71 crore in the same period last year

NTPC likely to buy Centre's stake in SJVN, discussions on with HP govt

SJVN is a joint venture between central government and Himachal Pradesh government, with the Centre holding 63.79 per cent stake and the latter holding 26.85 per cent