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