Investor Presentaiton
fundamental
ANALYSIS
SJVN Ltd
6
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HDFC securities
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About the company:
Satluj Jal Vidyut Nigam Limited or popularly known as SJVN Limited is primarily engaged in the business of generation and sale of power.
The company is a Mini Ratna, a joint venture of the Government of India (GOI) and the Government of Himachal Pradesh (GOHP). Gol
holds a majority equity stake of 59.92% in SJVN while the Government of Himachal Pradesh (GoHP) has a 26.85% stake. The Mini Ratna
status gives the company greater operational autonomy and discretion to set up projects up to Rs. 500 cr without the express consent of
the government.
It operates the Nathpa Jhakri Hydro Power Station with a capacity of 1500 MW located in Shimla district, Himachal Pradesh, India; and
the Rampur Hydro Power Station with a capacity of 412 MW in Kullu District, Himachal Pradesh. RHPS is a tailrace extension of NJHPS,
which opeartes in tandem with generation flow of NJHPS. The units of NJHPS & RHPS were synchronized one by one and the projects
were declared under COD on 18.05.2004 & 16.12.2014 respectively. NJHPS and RHPS are designed to generate 6612 MU & 1878.08 MU
of Annual Electrical Energy respectively, in a 90% dependable year with 95% machine availability. Besides, the projects are designed to
provide peaking power to the Northern Grid.
The Power generated from these projects is being supplied to the various Bulk Power Customer / Beneficiaries / Utilities in Northern
Region as per the Power Purchase Agreement (PPA) and allocation order issued by Ministry of Power, GOI. Out of the total energy
generated from NJHPS, 12% is supplied free of cost to the home state i.e. Himachal Pradesh. From the remaining 88%, 25% energy is
supplied to GoHP at bus-bar rate and the Ministry of Power, Government of India, allocated balance power to different states / UTs of
Northern Region. Similarly, out of the total energy generated from Rampur HPS, 13% is supplied free of cost to the home state i.e.
Himachal Pradesh. From the remaining 87%, 30% energy is supplied to GoHP at bus-bar rate and the Ministry of Power, Government of
India, allocated balance power to different states / UTs of Northern Region.
The company also operates the Khirvire Wind Power Plant with a capacity of 47.6 MW in Nashik District, Maharashtra; the Charnakha
Solar Power Plant with a capacity of 5 MW in Patan District, Gujarat; and an 86 km cross border transmission line with a capacity of 400
kV from Muzaffarpur to Sursand.
In addition, it provides consultancy services in the field of hydropower, road/railway tunnels, etc., as well as from concept to
commissioning of hydroelectric projects to various organizations.
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