By 2040, SJVN plans to increase its objective to 50K MW

SJVN plans – SHIMLA: SJVN’s Shared Vision has been upgraded to 5000MW by 2023, 25000MW by 2030, and 50000MW by 2040, according to Sh. Nand Lal Sharma, Chairman and Managing Director. The addition of several projects to its portfolio has resulted in this modification, as has its reputation for effectively operating and implementing Mega Hydro Projects in India and internationally. Following Hydro, the company successfully expanded into a variety of industry verticals, including Thermal, Solar, Wind, Power Transmission, and Power Trading. 
 
On the 31st Raising Day of SJVN on May 24, 2018, a vision of 5000 MW installed capacity by 2023, 12,000 MW by 2025, and 25,000 MW by 2040 was formed and laid out. The company’s business development has picked up speed and made significant achievements in the last three years. “SJVNites‘ unwavering efforts have resulted in a Company Portfolio of over 16000 MW,” Sh Sharma remarked. This upward revision of Shared Vision was necessary by SJVN’s expanding portfolio.” 
 
During his Republic Day address, Sh. Sharma announced a Revised Shared Vision of 5000 MW installed capacity by 2023, 25,000 MW by 2030, and 50,000 MW by 2040. “Four years ago, SJVN had a portfolio of 5000 MW,” he stated. Only 1965 MW of these projects were operational. Projects that had been on the drawing board for years have now been moved to the construction stage. SJVN has never managed to complete as many projects at once as it does now. 
 
In eight ongoing projects, construction activities are moving at a rapid pace. The 900 MW Arun 3 HEP in Nepal, the 1320 MW Thermal Project in Bihar, the 600 MW Kholongchhu HEP in Bhutan, the 210 MW Luhri HEP and 66 MW Dhaulasidh HEP in Himachal Pradesh, and the 60 MW Naitwar Mori HEP in Uttarakhand are among these projects. SJVN’s solar and wind portfolio has grown from 5.6 MW in 2017 to over 2750 MW now. Solar projects in Uttar Pradesh, Punjab, and Gujarat are in various phases of development, including the 880 MW Kaza Solar Project in HP, the 1000 MW IREDA Solar Project, the 200 MW Solar Project in Bihar, and solar projects in Uttar Pradesh, Punjab, and Gujarat. 
 
The 75 MW Parasan and 70 MW Bagodara solar projects are nearing completion and are expected to be operational by August 2022. The company’s hydro portfolio has grown significantly. SJVN just won the renowned 669 MW Lower Arun Project in Nepal in an international competitive bidding process. With 1912 MW of installed hydropower, India, Nepal, and Bhutan are working on projects with a total capacity of 10556 MW.

SJVN plans to increase its target

SJVN has re-engineered its business model to align with Hon’ble Prime Minister Sh. Narendra Modi’s commitment of 500 GW of non-fossil energy by 2030. Furthermore, under the skilled leadership of Hon’ble Union Power Minister Sh R.K Singh, SJVN has broadened its horizons across India and overseas, completing numerous projects. SJVN has transformed into a fully diversified global power firm moving ahead to satisfy power demands under the energetic leadership of visionary CMD Sh Nand Lal Sharma. SJVN is hitting milestones one after another as a result of many efforts implemented in the last year. The company is bringing in the top international consultants to provide advice in the areas of technology, finance, and human resources. SJVN is concentrating on executing projects on time and on budget, ahead of schedule. 
 
During his Republic Day address, Sh. Sharma announced a Revised Shared Vision of 5000 MW installed capacity by 2023, 25,000 MW by 2030, and 50,000 MW by 2040. “Four years ago, SJVN had a portfolio of 5000 MW,” he stated. Only 1965 MW of these projects were operational. Projects that had been on the drawing board for years have now been moved to the construction stage. SJVN has never managed to complete as many projects at once as it does now. 
 
SJVN, which began as a single hydropower project company on May 24, 1988, now has projects in Nepal, Bhutan, and eight states across the country. Its 1500 MW Nathpa Jhakri Hydro Power Station and 412 MW Rampur Hydro Power Station are both operational and consistently establish new energy generation records. 

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