NEW DELHI :
State-run energy firm SJVN has raised it is goal for put in capability until the 12 months 2040 to 50,000 MW from its earlier goal 25,000 MW.
Nand Lal Sharma, Chairman & Managing Director, SJVN has introduced the elevating of the goal to 25,000 MW by 2030 and 50,000 MW by 2040.
An organization assertion on Wednesday mentioned: “This revision has resulted from addition of a number of tasks in its portfolio and already established reputation of efficiently working and implementing Mega Hydro Initiatives in India and overseas.”
It mentioned that SJVN has re-engineered its enterprise mannequin to be in sync with the federal government’s dedication of 500 GW non-fossil gas sources by 2030.
After hydro, firm has efficiently added diverse enterprise verticals and forayed into Thermal, Photo voltaic, Wind Energy Technology, Energy Transmission and Energy Buying and selling.
The earlier ‘shared imaginative and prescient’ of the of 5,000 MW put in capability by 2023, 12,000 MW by 2025 and 25,000 MW by 2040 was set in 2018.
Throughout final three years, enterprise improvement of the corporate has gained tempo and made speedy strides, it mentioned.
“Relentless efforts of SJVNites has led to Firm Portfolio of greater than 16,000 MW. Rising portfolio of SJVN has necessitated this upward revision of Shared Imaginative and prescient, ” he mentioned.
He famous that 4 years again SJVN had portfolio of 5,000 MW out of which 1,965 MW tasks have been underneath operation.
“Initiatives which have been languishing on the drafting board for a number of years have been dropped at the development stage. By no means earlier than has SJVN been executing as many tasks at a time as it’s doing at the moment, ” the CMD mentioned.
The development actions are progressing at a quick tempo in eight tasks underneath improvement.
SJVN’s present photo voltaic and wind portfolio has expanded from 5.6 MW in 2017 to over 2750 MW.
The hydro portfolio of the corporate has elevated considerably. Beneath worldwide aggressive bidding, SJVN has lately obtained prestigious 669 MW Decrease Arun Undertaking in Nepal. With 1,912 MW put in hydro capability, tasks of 10,556 MW capability is underneath varied phases of improvement in India, Nepal and Bhutan.
Supply: Live Mint