The Full Form of SJVN Limited
The full form of SJVN Limited is Satluj Jal Vidyut Nigam Limited (SJVN). This entity operates under the joint venture of the Government of India (GOI) and the Government of Himachal Pradesh (GOHP) to develop hydroelectric power projects primarily in India. Following are the historical developments and current operations of SJVN Limited.
Founding and Incorporation
SJVN Limited was established as Nathpa Jhakri Power Corporation Pvt Ltd on May 24, 1988. Originally, the company was a joint venture between the Government of India and the State Government of Himachal Pradesh, aiming to plan, investigate, organize, and manage hydroelectric power projects. Over the years, the company evolved into its current form, incorporating various strategic developments and acquisitions.
Administrative Control and Current Status
Currently, SJVN Limited operates as a Mini Ratna: Category-I and Schedule-I CPSE, with administrative control under the Ministry of Power, Government of India. The term CPSE stands for Central Public Sector Enterprise, indicating that it is a public sector entity managed on professional lines.
As of the latest financial report, SZVN's authorized capital stands at Rs. 7000 Crore, with a paid-up capital of Rs. 3929.80 Crore. The company’s net worth as of 31st March, 2019, was Rs. 11238.78 Crore. The company's equity is distributed among various stakeholders with the Government of India owning 26.85%, the Government of Himachal Pradesh owning 26.85%, and public holding comprising 13.23%.
Operations and Projects
SJVN Limited is not only a pioneer in hydroelectric power generation but is also expanding its operations to various other states and neighboring countries. Currently, the company is implementing power projects in Himachal Pradesh, Uttarakhand, Bihar, Maharashtra, and Gujarat within India. Additionally, initiatives are underway in neighboring countries such as Nepal and Bhutan.
The company's primary focus is on developing and managing hydroelectric power plants, contributing significantly to the national power grid and ensuring sustainable energy supply. SJVN's diverse portfolio of projects includes large installations, small and medium hydroelectric power stations, and grid-connected solar power projects.
Future Prospects and Initiatives
Looking ahead, SJVN Limited is planning to further enhance its operational efficiency and expand its reach through strategic partnerships and innovative technologies. The company is exploring new avenues for sustainable energy sources and is also investing in research and development to improve the overall energy generation and transmission infrastructure.
Stay updated with the latest news and developments in the field of hydroelectric power through SJVN's official website and other relevant sources to gain insights into its ongoing projects and future plans.
For more information, visit the official SJVNL website.