SJVN Gets Nod From DIPAM For Four JVs With Ministry Of Power
SJVN Ltd. has received approval from the Department of Investment and Public Asset Management to set up four joint venture companies with the Ministry of Power.
The four companies will be formed for the development of hydropower and renewable projects in India and Nepal, according to the exchange filing issued on Monday.
The company would be the leading partner for three of the JVs, but its wholly owned subsidiary, SJVN Green Energy Ltd., would be the leading partner for the fourth venture, it said.
The public sector company will undertake a joint venture with Maharashtra State Power Generation Co. to create 5,000-megawatt RE projects. As part of the second venture, SJVN, the government of Arunachal Pradesh, and Navyuga Engineering Co. will collaborate to implement the development of the 1,878-megawatt Oju hydroelectric project in the state, the filing said.
Under the third venture, the hydropower-generating company will join hands with the Nepal Electricity Authority and GMR Energy Ltd. to execute a 900-megawatt Upper Karnali hydroelectric project in Nepal, which will include an equal shareholding partnership between SJVN and GMR.
SJVN Green Energy will also partner with Assam Power Development Co. to develop 1,000-megawatt RE projects in the state.
Currently, SJVN has a presence across India and Nepal, with a project portfolio of more than 56,000 megawatts. The company is involved in hydro, thermal, solar and wind energy, as well as power transmission and trading.
It is also moving towards achieving its vision to generate 50,000 megawatts.
In December, the state-run SJVN won a 100-megawatt solar power project in Gujarat. which would be developed by SJVN Green Energy at a cost of Rs 550 crore. It may be developed anywhere in India and is expected to be commissioned within 18 months from the date of signing of the power purchase agreement, which will be valid for a 25-year period.
Shares of SJVN closed 2.24% higher at Rs 92.98 apiece, as compared with a 0.04% rise in the benchmark BSE Sensex.
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
-
Wrong Labels, High Pesticide Residues Holding Back Agri Exports | The Reason Why
India needs stronger domestic food-safety and labelling standards, with best practices becoming part of everyday business for farmers, traders and food companies.
