Untitled - Ministry of Power

94
JOINT VENTURE CORPORATIONS
Chapter - 21.7
Satluj Jal Vidyut Nigam Limited
(ormerly Nathpa Jhakri Power Corporation Ltd.)
A New chapter in the history of the development of hydro-electric power in the country was
added on October 14, 2003 when the first 250 MW Unit of the country’s largest 1500 MW,
Nathpa Jhakri Hydro-electric Power project in Himachal Pradesh was inaugurated by Shri
Anant G. Geete, Hon’ble Union Minister of Power. Shri Virbhadra Singh, Hon’ble Chief
Minister of Himachal Pradesh presided over the inauguration programme. Smt. Jayawanti
Mehta, Hon’ble Union Minister of State for Power, local Hon’ble MPs, and MLAs were the
Guests of Honour. Since then Four Units have been declared under commercial generation
and all the Six Units have been successfully Test synchronized ( Test Loaded )with Test
synchronization of last Unit on 31st March 2004 at 15.55 hrs. Commissioning of all units of
250 MW each in a short span of 6 months is a National Record and will be a bench mark
for all the future Hydro Projects of the country.
First time since its inception Memorandum of Understanding ( MOU ) for the year 2004 –
05 was signed between Sh. R. V. Shahi, Secretary ( Power ), MOP, GOI and Sh. Y. N.
Apparao, Chairman & Managing Director, SJVN on March 29, 2004 at New Delhi. With
this Satluj Jal Vidyut Nigam Limited ( SJVN ) entered the august club of selected Central
Public Sector Undertakings (CPSU’s ).
About SJVN
The Satluj Jal Vidyut Nigam Limited – SJVN
(formerly Nathpa Jhakri Power Corporation Limited
- NJPC) was incorporated on May 24, 1988 as a
joint venture of the Government of India (GOI)
and the Government of Himachal Pradesh (GOHP)
to plan, investigate, organize, execute, operate
and maintain Hydro-electric power projects in the
river Satluj basin in the state of Himachal Pradesh.
The present authorized share capital of SJVN is
Rs 4500 crores. The debt equity ratio for the
Nathpa Jhakri Hydro – Electric Project (NJHEP)
is 1 : 1 and the equity-sharing ratio of GOI and
GOHP is 3:1 respectively. In addition to the
financial assistance from the World Bank, SJVN
has also been financed as loan by a Consortium
of European Banks and the Power Finance
Corporation ( PFC ).
The Nathpa Jhakri Hydro – Electric Project –
NJHEP ( 1500 MW ) is the first project
undertaken by SJVN for execution.
The Nathpa Jhakri Hydro – Electric Project –
NJHEP ( 6 X 250 MW )
The 1500 MW, Nathpa Jhakri Hydro - Electric
Project – NJHEP (the largest underground hydro
- electric power Project) is the first project
undertaken by SJVN for execution, which is on
the verge of completion.
Prior to formation of SJVN ( NJPC ), NJHEP
was being executed by Himachal Pradesh State
Electricity Board (HPSEB). The generation
component of 1500 MW NJHEP was sanctioned
in April 1989 for execution by SJVN (NJPC).
SJVN (NJPC) officially took over NJHEP on
August 01, 1991, following an agreement between
GOI and GOHP during July 1991. However, the
effective takeover of the NJHEP could result only
during February 1992, due to an agitation by the
employees of HPSEB. The Major Civil Works
of NJHEP were awarded during June – Sep.
1993 and the construction works commenced in
early 1994.
Location
Nathpa Jhakri Hydro – Electric Project derives
its name from the names of two villages in the
Project vicinity - Nathpa in district Kinnaur where
Dam is located and Jhakri in district Shimla,
where Power House is located - in the interiors
of Himachal Pradesh. NJHEP envisages to
harness the hydro power potential in the upper
reaches of river Satluj in the south west