Satluj Jal Vidyut Nigam to invest Rs 1.5 lakh cr over 8 years.

October 1, 2022

Satluj Jal Vidyut Nigam (SJVN) will invest around Rs 1.5 lakh crore over the next 7-8 years in various power projects within and outside the country. The power giant will make this investment to achieve its targeted installed capacity of 25,000 MW by 2030.
The SJVN said the work on the Sunni Dam Hydroelectric Project, around 40 km from Shimla, will start in a month’s time. The project with 382 MW capacity will cost around Rs 2,600 crore.
All formalities have been completed and clearances received. The investment approval from the Centre is expected in the next 15 days. The work on the project will start in a month’s time, and the project will be commissioned in five years,” said SJVN chairman and Managing Director Nand Lal Sharma.
The work on hydroelectric plants in the state – 210 MW Luhri Stage 1 and the 66 MW Dhaulasidh project – was on at war footing. “These projects were declared unviable but SJVN has made them viable and these will be commissioned by 2024-25.
The SJVN would invest around Rs 1.5 lakh crore over the next 7-8 years, mainly in renewable sources like solar and wind, to achieve its revised and upscaled target of becoming a 25,000 MW company by 2030.
The company’s current installed capacity is 2,016 MW.
SJVN has 14 projects under construction within and outside the country with a capacity of around 4,500 MW.
SJVN has provided employment to around 15,000 people directly and indirectly.