Thursday, August 13, 2009

SJVNL pays Rs 80 crore interim dividend for year 2009-10

In view of the continued exemplary performance of its country’s largest 1500 MW Nathpa Jhakri Hydro Power Station, public sector Satluj Jal Vidyut Nigam Ltd has declared an interim dividend of Rs. 80 crore for the year 2009-10. Towards the 75% equity participation of the Govt. of India a proportionate interim dividend of Rs. 60 crore was paid to the Ministry of Power, Govt. of India. 

The dividend cheque was presented to the Union Minister of Power, Shri Sushil Kumar Shinde by the Company’s CMD Shri Hemant Kumar Sharma in the presence of MOS(P) Shri Bharatsinh Solanki, Secretary (Power) Shri H.S. Brahma, and other senior officials of the Ministry of Power and SJVNL. 

Presenting the cheque Shri H.K. Sharma informed that during the current financial year, the country’s largest 1500 MW Nathpa Jhakri Power Station had established new records of power generation. During July 2009 the power station had generated 1144 MU of electricity, which was the highest ever-monthly generation achieved at the Project. He said that the generation during the month was not only the highest so far but it had also been 118 MU more than MoU (excellent) target. During June 2009 also the power station had generated 1069 million units of electricity, which were 82 million units more than the MoU targets. Cumulatively during the period April 1 to August 12, 2009 the Power Station had achieved the highest ever generation of 3730 million units of electricity. 

Shri Sharma also informed that for the financial year 2008-09 the Corporation had earned total income of Rs. 2029.24 crore against Rs. 1582.21 crore achieved during FY 2007-08. He said that the net profit of Rs. 1015.32 crore for FY 2008-09 was 33% more than the previous year. 

Government of Himachal Pradesh, which holds 25% equity in the power station, will get an interim dividend of Rs 20 crore. The state also gets 12% free power from the power station besides 25% power at bus bar rates. 

During the year 2008-09 the 1500 MW Nathpa Jhakri Power Station, being operated by SJVN Ltd had generated 6609 million units of electricity against 6449 million units. The MoU targets for the FY 2009-10 are 6600 MU. 

The Company plans an investment of Rs. 23000 crore during the next ten years. It has about 4000 MW capacity projects lined up for commissioning by the year 2020 in the states of Himachal Pradesh, Uttarakhand and neighboring countries Nepal & Bhutan.

No comments: