MoP - Ministry of Power

Out of the total energy generated at the bus bar, 12 percent
is to be supplied free of cost to the home state i.e. Himachal
Pradesh. From the remaining 88% energy generation, 25%
is to be supplied to HP at bus bar rates. Balance power
has been allocated to different beneficiary states / UTs of
Northern Region by the Ministry of Power, Govt. of India.
Power Purchase Agreements ( PPAs ) have been signed
with Eight beneficiaries i.e. with Punjab, Chandigarh,
Haryana, Rajasthan, Delhi, Jammu & Kashmir, Uttar
Pradesh and Himachal Pradesh, in respect of the sale of
power being generated by the 1500 MW NJHPS. However,
the state of Uttarakhand have refused to
buy its share of power from the 1500 MW NJHPS,
which has been reallocated by MOP, GOI, to other
beneficiary states.
Since its commissioning the NJHPS has generated around
21889 MUs (Ex – Bus Bar Energy Generation) up to
November 30, 2007 and earned revenue of Rs5433 crores
up to October 2007. SJVNL has paid dividends to Govt. of
India (GOI) and Govt. of Himachal Pradesh (GOHP), the
equity partners of SJVNL a total of Rs. 537.59 crores, the
year wise details are as under:-
Sr. No. Dividend Paid (Year wise) GOI (Rs. in crores) GOHP (Rs. in crores) Total (Rs. in crores)
1 2003-04** -
2 2004-05 100.212 42.948 143.160
3 2005-06 111.601 47.829 159.430
4 2006-07 164.500 70.500 235.000
TOTAL 376.313 161.277 537.590
** SJVNL has started the commercial generation only in the year 2003 – 04.
Besides, indirect benefits has also accrued to the region by way of increase in agriculture and indus¬trial production. In
addition, the project has also provided gainful employment to a large number of skilled and unskilled workers and has
also opened the landlocked hinterland by providing essential facilities such as schools, hospitals etc. for the people of the
area. Thus, NJHPS envisaged the social and economic upliftment of the persons living in the vicinity of the Project i.e. of
society at large.
4.0 Financial Parameters of SJVNL
The financial position of SJVNL, for the last 4 years, is as under:
S.No. Description 2006-07 2005-06 2004-05
(Rs. in Crores)
2003-04*
A. INCOME DETAILS
I Sales 1618.23 1371.50 1098.27 216.93
II Other income 47.53 20.28 22.72 6.60
III Total income (I+II) 1665.76 1391.78 1120.99 223.53
IV Profit before Depreciation, 1525.66 1256.39 1049.43 211.61
Interest & Finance
Charges and Taxation
V Profit before tax 825.81 543.97 323.85 (-)93.09
VI Profit after tax 732.71 498.22 298.43 (-)93.09
VII Dividend 235.00 159.43 143.16 -
VIII Tax on Dividend 37.96 22.36 14.25 -
IX Reserves and Surplus 818.54 358.788 43.406 (-)93.09
B. SOURCES OF FUND
I Share Capital 4108.81 4108.81 4108.81 4045.51
II Reserve & Surplus 818.54 358.788 43.406 (-)93.09
III Net Worth 4927.35 4467.60 4152.22 3952.41
IV Borrowings 2524.20 3082.735 3631.701 3812.31
TOTAL 7451.55 7550.33 7783.921 7764.72
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