SJVN to Invest in Power Trading
SJVN to Invest – SJVN Limited has been given a Trading License by the Central Electricity Regulatory Mission (CERC) for interstate electricity trading. The Commission stated that SJVN satisfies the Act’s and Trade License Regulations’ standards for granting an interstate trading license.
The company’s Chairman and Managing Director, Shri Nand Lal Sharma, stated that the grant of a Trading License has put another feather to SJVN’s cap, boosting the company’s operations significantly. SJVN will now be able to trade electricity generated by any public or private generating company, including SJVN Arun-3 Power Development Company (SAPDC), SJVN Thermal Pvt. Limited (STPL), and other Renewable Sector Subsidiaries.
In the spirit of the open access regime established by the Electricity Act of 2003 and subsequent CERC and SERC regulations, Sh. Sharma stated that efficient execution of electricity trading in a competitive environment will ultimately benefit consumers.
SJVN, according to Sh. Sharma intends to be a one-stop shop for any generator or a consumer looking to trade power in India, as well as contribute to the development of a healthy and competitive electricity market.
According to Sh. Sharma, SJVN has adequate infrastructure, including state-of-the-art communication facilities and skilled and experienced people.
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SJVN has a dynamic core business team with extensive experience in the power sector, including renewable and non-renewable energy trading.
Sh. Sharma also stated that SJVN will focus on addressing power supply shortages in various states, as well as seasonal and regional variations in demand and supply. SJVN will also pool the electricity of small and medium-sized generators and sell it to large-scale power users. While SJVN presently has the necessary infrastructure and staff to conduct business effectively, any additional support systems, manpower, or infrastructure requirements will be addressed as needed. SJVN plans to start intra-state trading operations in India by securing contracts for 900 MW of round-the-clock power or comparable.
SJVN has a strong portfolio of 41 projects with a total capacity of 16432 MW, according to Sh. Sharma, and has already secured 1670 MW of solar power capacity through a competitive bidding process. Many more renewable energy projects are in the bidding process, he noted. SJVN has established itself in nine Indian states: Himachal Pradesh, Bihar, Maharashtra, Uttar Pradesh, Uttarakhand, Gujarat, Punjab, and Arunachal Pradesh, as well as two neighboring countries: Nepal and Bhutan. According to Sharma, these initiatives would contribute to the company’s Shared Vision of capacity expansion of 5000 MW by 2023, 12000 MW by 2030, and 25000 MW by 2040.
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