Impact Investment - SJVN Limited

March 15, 2017

 

SJVN Limited, a Mini Ratna & Schedule 'A' CPSU under the Ministry of Power, Govt. of India, is a joint venture between the Govt. of India & Govt. of Himachal Pradesh. Incorporated in the year 1988, SJVN today has a footprint in a diversified set of power projects, which includes Hydroelectric Projects in Himachal Pradesh, Uttarakhand, Arunachal Pradesh and in the neighboring countries of Nepal and Bhutan, a Thermal Power Project in Bihar, a Power Transmission Project in Nepal, Wind Power project in Maharashtra and Solar Power Projects in Gujarat & Rajasthan.

 

In January 2014 SJVN signed an MoU to develop and operate a 4000 MW Ultra Mega Solar Project in Sambhar area of Rajasthan with five other PSUs: BHEL, PGCIL, SSL, REIL and SECI. SJVN thus has 16% equity in the country’s largest Solar Energy project. Notably the ambition is 6X bigger than the largest known current installation in the world. A project in Kamuthi, Tamil Nadu generating 648MW was reported as being the largest solar power plant in the world in 2017.

 

Besides solar, SJVN has planned other Hydel projects of a total generation capacity of 5492 MW which are under various stages of clearances. SJVN has also planned 400 KV Transmission Lines for evacuation of power from Arun III Hydro Electric Project in Nepal. 

 

SJVN is a public sector enterprise committed to generating reliable and eco-friendly power by means of state-of-art technology, excellence in engineering and continual improvement in quality management. SJVN, as a technology-savvy corporation, has established and is following sound business, financial and regulatory policies.

 

Sustainable development concerns in the sense of enhancement of human well-being, broadly conceived, are a recurring theme in India's development philosophy.  For this to occur there is a need for balance and harmony between economic, social and environmental needs of the country. India also plays an important role in several significant international initiatives concerned with the environment. It is a party to the key multilateral agreements, and recognises the interdependencies among, and Trans boundary character of, several environmental problems. The National Environment Policy (NEP) is intended to be a statement of India's commitment to making a positive contribution to international efforts. This is a response to our national commitment to a clean environment, mandated in the Constitution in Articles 48 A and 51 A (g), strengthened by judicial interpretation of Article 21. It is recognized that maintaining a healthy environment is not the state's responsibility alone, but also that of every citizen. The Environment Policy of SJVN is a response to their commitment to a clean environment, mandated in the Constitution in Articles 48 A and 51 A (g), strengthened by judicial interpretation of Article 21. It is recognised that maintaining a healthy environment is not the state’s responsibility alone, but also that of every citizen. A spirit of partnership should thus be realized throughout the spectrum of environmental management in the country. While the state must galvanise its efforts, there should also be recognition by each individual – natural or institutional, of its responsibility towards maintaining and enhancing the quality of the environment.  SJVN and other sustainable enterprises are definitely helping to create a better future for future generations that will live on our planet.

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