Union Cabinet (CCEA) has approved investment of Rs 2,614 crore for SJVN’s 382 MW Sunni Dam Hydro Electric Project in Himachal Pradesh. The project is scheduled to be commissioned within 63 months of the commencement of construction works and shall generate 1,382 million units annually. The project is being financed on 70:30 debt equity ratio and on completion it will earn 16.50% return on equity for the Company. This will reduce carbon dioxide emissions by 1.1 million tons annually.
The company has aligned its Shared Vision of 5,000 MW by 2023, 25,000 MW by 2030 & 50,000 MW capacity by 2040 with that of Government of India’s target of achieving 50% energy from non-fossil fuel sources by 2030. As a strategic & reliable partner, SJVN plans to play a vital role in clean energy transition of the nation and vision to provide round the clock power to all.
SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
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