Shimla: Having finished the last financial year with a record generation, Satluj Jal Vidyut Nigam (SJVNL) has set up a target of generating 6600 million units of energy in 2009-10, a memorandum of understanding for which was signed with central power ministry at Delhi on Tuesday.
HK Sharma, chairman-cum-managing director SJVNL on behalf of the Nigam and VS Sampat, secretary power on behalf of the central government signed the agreements. Others present on the occasion included JK Sharma, director (civil) SJVNL, RS Katoch, director (personnel) SJVNL, KK Garg, director (finance) SJVNL, RP Singh, director (electrical) SJVNL and senior officers of the power ministry.
SJVNL targets a revenue of Rs 1436 crore during 2009-10 from its underground 1500 MW Nathpa-Jhakri power station.
Against a target of 6600 MU generation for 2008-09, the countryâ€™s largest hydropower station had a generation of 6609 MU, making it the highest energy generating hydro station in the country.
Generation achieved during 2007-08 was 6449 MU , in 2006-07 it was 6041 MU and during 2005-06 it was 4104 million units. All six turbines of the plant were commissioned in May 2004.
Chipping into the hydropower generation pie, the public sector company is ahead of schedule in executing the 412 MW Rampur project, which would work in tandem with the Nathpa-Jhakri station as it would use the tail race water of the upstream project. The Rampur project is scheduled to be completed by 2012.
Other projects in the kitty of SJVNL include the 775 MW Luhri project and 40 MW Dhaulasidh project in Himachal; 252 MW Devsari project and 59 MW Naitwar Mori projects in Uttarakhand; and 402 MW Arun III project in Nepal. The Nigam is also eyeing the 486 MW Kholongchu project and 900 MW Wangchu projects in Bhutan.
Given the high profitability achieved by SJVNL, it was accorded a â€˜Mini Ratnaâ€™ status and was a prime target for disinvestment as the central government was toying with coming forth with an IPO but was put on hold after the downslide in the equity market.