Satluj Jal Vidyut Nigam (SJVN) handed over a cheque of Rs 68.58 crore as final dividend for the financial year 2018-19 to Chief Minister of Himachal Pradesh Jai Ram Thakur on Monday.
Chairman & Managing Director, SJVN, Nand Lal Sharma handed over the cheque at Shimla.
The SJVN has already paid an interim dividend of Rs 158.25 crore in March 2019 to the Government of Himachal Pradesh, which is presently holding 26.85 per cent equity in the company.
The cheque was presented in the presence of Chief Secretary, Shrikant Baldi Principal Secretary (MPP & Power), Prabodh Saxena.
SJVN is a joint venture of Central Public Sector Unit and Himachal government.
Nand Lal Sharma apprised the CM that SJVN has paid a total dividend of Rs 1711.88 crore till date to Government of Himachal Pradesh on an investment of Rs 1055.01 crore. Currently Government of India is holding 61.05 per cent shares of company while 26.85 per cent shares are with Government of Himachal Pradesh and 12.10 per cent with public.
Sharma stated that, Hydro Power is the core strength of SJVN and besides executing projects in Himachal Pradesh; SJVN is executing Power Projects in Nepal, Bhutan, Bihar and Uttarakhand.
He requested the CM to think over developing hydro power in Chenab River basin in an Integrated River Basin Development manner for a faster and cost effective approach. SJVN has a vast experience of working in such areas and terrain.
He said SJVN has also forayed into the field of Renewable Energy, Power Transmission and Thermal Power. The Company is presently generating around 2015.2 MW of electricity from its operational projects i.e. 1500 MW Nathpa Jhakri Hydro Power Station, 412 MW Rampur Hydro Power Station, 47.6 MW Khirvire Wind Power Project, 50 MW Sadla Wind Power Project and 5.6 MW Charanka Solar Power Station.
SJVN is in the process of harnessing power projects which are in different stages of development. These projects include Twelve Hydro Projects and One Thermal Project, which on completion will add 5134 MW of capacity. As a part of plan for achieving 5000 MW installed capacity by 2023, 12000 MW by 2030 and 25000 MW by 2040, SJVN has formulated aggressive strategies which include both Organic as well as Inorganic modes for growth.