Hydropower major Sutlej Jal Vidyut Nigam Limited has signed Memorandum of Understanding (MoU) with Ministry of Power for generating 9200 million units for the year 2018-19.
The MoU was signed by Shri Ajay Kumar Bhalla, Secretary and Shri Nand Lal Sharma, Chairman & Managing Director, SJVN. As per the targets set in the MOU, SJVN shall strive to achieve 9200 Million Units generation during the year under ‘Excellent’ category.
SJVN will have Capital Expenditure target of Rs. 900 crore and Turnover target of Rs. 2175 crore under Excellent category along with other targets related to operational efficiency and Project monitoring.
SJVN has four projects with the capacity of 1610 MW under construction and another four projects with the capacity of 2155 MW under various stages of clearances, soon to enter construction. SJVN envisages being a 5700 MW+ generating company in coming years.