SJVN Surpasses Target, Registers Record Generation In 2016-17

Shimla: Surpassing the MoU targets of generating 8700 million units of electricity, SJVN has achieved generation of 9045 million units from its three power plants during the financial year 2016-17 .

R. N. Misra, Chairman & Managing Director of the company states that the country’s largest 1500 MW Nathpa Jhakri Hydro Power Station in Himachal Pradesh had recorded a 103.5% achievement of the targets with a generation of 7050.62 million units while the downstream 412 MW Rampur Hydro Power Station in the state had surpassed the targets by 110 million units with a generation of 1960.36 million units. SJVN’s 47.6 MW wind power station at Khirvire in Ahmednagar district of Maharashtra has generated 34 million units of electricity.

Misra adds that Hydro Power generation being core strength of the company; the engineers of SJVN have been successful in achieving the records with efficient machine and water management.  Taking advantage of the lean season, the project engineers have already completed the annual maintenance of machines in record time. The machines of the two projects are ready to perform on full efficiency during the ensuing summer season.

He further added that on account of its excellent financial performance the company had declared the highest ever interim dividend of Rs.930.74 crore @ Rs.2. 25 per share and has already been paid to the shareholders. Government of India having 64.46 % equity holding in the company was paid Rs. 599.99 crore while the Government of Himachal Pradesh holding 25.51 % equity was paid Rs.237.38 crore he told. General public holding 10.03 % of the equity has been paid Rs.93.37crores.

He informed that SJVN has now successfully ventured into the field of Solar Power Generation with the commissioning of 5 MW Charanka Solar Power Project in the state of Gujurat during financial year 2016-17. Misra attributed the success of company to the hard work and efforts of all the employees and congratulated them for achievement of targets set by Ministry of Power, Government of India.

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