sjvn green energy ltd

AM Green's collaboration with SJVN Ltd accelerates industrial decarbonisation, establishing AM Green as a global leader in clean energy solutions and supporting India's goal of becoming a reliable green molecule exporter.

State-owned SJVN has incorporated a new subsidiary ‘SJVN Green Energy Limited’ (SGEL) for executing renewable projects.

The Assam Power Distribution Company Limited (APDCL) and Mini Ratna category PSU, Satluj Jal Vidyut Nigam’s subsidiary, SJVN Green Energy, on Monday signed an agreement to form a joint venture to set up 1,000MW floating solar projects worth Rs 6,000 crore in the state.

Madhya Pradesh has commissioned the largest floating solar project in central and north India, generating 90 MW at Omkareshwar. The project, costing Rs 646 crore, aims to produce 196.5 million units in the first year, reducing carbon emissions significantly. Developed by SJVN Green Energy Limited, it supports India's goal of net zero carbon emissions by 2070.

CM Inaugurates 70 MW Plant In Bilasipara

Uttar Pradesh’s energy transition is gaining momentum with major players investing in renewable energy sources.In the third version of the groundbreaking ceremony, investment proposals worth Rs 4,782 crore for clean energy projects were received by the state.

SJVN generated 8,489 million units of green energy from hydro, solar, and wind power stations in 2023-24. Despite facing challenging hydrological conditions due to climate change, the company set new records in daily and monthly generation. SJVN's standalone revenue reached Rs 2,533.59 crore with a profit after tax of Rs 908.40 crore for the year.

Chief minister Sukhvinder Singh Sukhu announced that the state government will change the energy policy to make Himachal Pradesh self-reliant and aims to harness 500 MW of solar energy by next year. The government's target is to save Rs 1,000 crore annually on electricity purchase by achieving the set target of solar energy production. The government is also promoting green energy and offering a 50 percent subsidy on electric vehicles. Additionally, the state aims to exploit phosphorus energy. The government plans to withdraw or renegotiate the Luhri-Sunni and Dhaula Siddh projects.

Sunni Dam Hydro Electric Project- CCEA has approved investment of Rs. 2614 crore for the 382 MW project in Himachal Pradesh. Runofriver Project- on the Satluj in Shimla and Mandi Districts of Himachal Pradesh will have a 71 metre high concrete gravity dam and six generating units in its surface power house. The project shall generate 1382 million units annually and the levelized tariff of electricity generated will be Rs. 390 per unit. The project is scheduled to be commissioned within 63 months of the commencement of construction works. It is being financed on a 7030 debt equity ratio and on completion will earn 1650 return on equity for the SJVN. Chairman and Managing Director, Nand Lal Sharma said the forest and environment clearances had already been accorded while Rs. 266 crore had been spent on preconstruction activities. The project construction activities would result in direct and indirect employment to around 4000 persons on commissioning. 13 of the electricity generated will be provided free of cost to Himachal Pradesh including 1 for local area development fund. He said for the project life cycle of 40 years this free power translates into benefits worth Rs. 2803 crore. Sharma said the families affected by the project would get 100 units

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi has approved investment of Rs 2,614 crore for the 382 MW Sunni Dam Hydro Electric Project in Himachal Pradesh.

The allocation and clearance for the Mandovi site of the floating pilot project will be done by the caption of ports. The site is located downstream in the Mandovi river, adjacent to the Naval jetty.

The project will be built on 23,000 acres of land belonging to Sambhar Salts Ltd, a subsidiary of central enterprise Hindustan Salts Ltd under the department of heavy industries, some 75 km from Jaipur.

State energy minister on Saturday said an agreement has been signed to power tourist destinations with solar energy in Bihar, including Bodh Gaya, Rajgir and some parts of Patna.

Rajasthan signs MoUs and power purchase agreement worth Rs 1.60 lakh crore for energy sector development. Previous government mismanagement led to power crisis and bankruptcy of discoms. Rajasthan to become self-reliant in energy with new projects. Potash mining planned. Adequate coal supply ensured.