Shimla: Profit making power generating public sector company SJVN other than targeting to increase profits, add to generation capacity in the current year has also expressed keenness to buy two hydropower plants of 1300 MW capacity in upstream Satluj valley that are owned by Jaiprakash Associates, a private player and are said to be up for sale.
“Should the union government approve of an acquisition of such kind,” said RP Singh CMD of SJVN, “we could put a bid for buying the 1000 MW Karcham-Wangtoo and 300 MW Baspa power plants that as per media reports are being sold to an Abu Dhabi based company.”
Senior executives of the power company which operates the 1500 MW Nathpa Jhakri plant, after announcing the dividends for 2012-13 were interacting with the media.
“Unfortunately the deal for hiving off the two projects is not open for open bidding, otherwise we would have participated as it would have given us a generation capacity of 3212 MW in a single river basin,” said the CMD
Singh said that by the end of the financial year, a 47.6 MW wind power project at Khirvire in Maharashtra would be commissioned as would the 412 MW Rampur hydroelectric project be.
With the capacity addition, the profits for 2013-14, which stood at Rs 1052.34 Cr for 2012-13 are expected to cross Rs 1100 crores.
The company on Friday announced a dividend of Re 0.96 per share, with the total dividend outgo of Rs 397.12 crore.
Next project the company is likely to take up is the 1320 MW Buxar plant and the next hydropower projects where work could start early are the 252 MW Devasari projecg in Uttarakhand and the 66 MW Dhaulasidh project.
As Editor, Ravinder Makhaik leads the team of media professionals at Hill Post.
In a career spanning over two decades through all formats of journalism in Electronic, Print and Online Media, he brings with him enough experience to steer this platform. He lives in Shimla.
