Q1-FY25 · Sushil Sharma
Our prestigious 1,500 MW Nathpa Jhakri Hydro Power Station recorded highest ever monthly generation of 1,222.170 million units during July 2024, since its commissioning in 2004.
SJVN · tone and specificity signals across the available quarters.
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Our prestigious 1,500 MW Nathpa Jhakri Hydro Power Station recorded highest ever monthly generation of 1,222.170 million units during July 2024, since its commissioning in 2004.
We are targeting INR 2,000 crore through dilution of SJVN stake in our wholly owned subsidiary, SJVN Green Energy Limited, in 2024-2025, subject to approval from regulatory authority, DIPAM and other NITI Aayog and Ministry of Power.
SJVN is moving forward to achieve our vision of installing 20,000-25,000 MW portfolio in operation by 2030, and 50,000 MW by 2040.
We are planning to have, in fact, I have already applied Buxar 666 megawatt one unit, Bagodara 70 megawatt, and Bikaner 500 megawatt. Omkareshwar, already we have added PSPCL and Punjab 100 megawatts. Plus BBMB 1,800 megawatt and almost 400 megawatt in 360 megawatt in Gujarat and 75 megawatt in Bihar.
There may be one or two cases of hybrid tender where the credit that's discovered is more. In case we are not getting PPA signed with the state, then it will be PSA signed with the state. Then maybe we may have to think of terminating the PPA.
Partly, I agree with you, and we are considering all these options, but sometimes, why I am telling that, partly, I agree with you. See, we are public sector undertaking, or our manpower cost is always higher in comparison to the cost of the manpower taken through contractor on a higher basis because we have a lot of remuneration facilities, which we cannot if we are giving it to all the employees or maintenance staff, it will be more costly.
The problem, frankly speaking, you must be knowing yourself also, because there is a lot of tenders which are coming out in the market, specifically for solar. There is some issue now. Because of the grid connectivity, there are transmission line shortages. Because of that, power is not getting evacuated even for the commissioned plant.
Because this one unit I told you, that will be operational from this month only. And second unit is also coming very soon. In that case, our CWIP will shift to the fixed assets, and it will start generating revenue. Based on that, we do not see that there will be a very large increase in the loan portion in the next two years. We will be able to service our loans out of the cash generated from Buxar.
We are still into stakeholder consultation... It will take some time, one or two months. After two months, there will be more clarity that what is going to happen for these LOAs where PPA is not getting signed.
As the PSA is not realized, so therefore we have not signed the PPA and have not given go-ahead to the developer for installation of the plant.
Buxar is Arun-3, I was telling. Buxar just May month. Within two, three months, we are going to commission the first unit. 660 megawatts, first unit, we are going to commission during the month of May.
We are still quite optimistic to achieve our target of this 25 gigawatts by 2030. And every year we are going to add, say, roughly around 3 gigawatts of capacity every year.