SJVN plans to invest Rs 8,000 crore in 2022-23
POWER & RENEWABLE ENERGY

SJVN plans to invest Rs 8,000 crore in 2022-23

Satluj Jal Vidyut Nigam (SJVN) a state-run hydro major plans to invest approximately Rs 8,000 crore in the next fiscal year (2022-23), a 45% increase over the capital expenditure of the current financial year of Rs 5,500 crore, on several hydro, thermal, transmission, and renewable energy under-construction projects.

In a statement, the company said that it has achieved the capital expenditure (capex) target for the current fiscal year of Rs 5,000 crore a month prior. With the existing pace of work, they might exceed the target by 10%.

SJVN is targeting capex utilisation of Rs 8,000 crore for the financial year (FY) 2022-23, with various projects which are currently under development. Therefore, the company is ready to accomplish this target as well.

This capital expenditure is distributed among ten projects having over 3,500 MW capacity which are in the construction stage while the capex utilisation showcases the pace and quantum of works under development in SJVN.

The projects in advanced stages of construction utilising a huge portion of the capital expenditure comprise Bihar- 1,320 MW Buxar Thermal Power Project, Nepal - 900 MW Arun-3 Hydro Electric Project, Nepal - 217 km Arun-3 Transmission Line, and Bhutan - 600 MW Kholongchuu Hydro Electric Project.

Furthermore, there are other projects including the 210 MW Luhri-1 Hydro Electric Project and 66 MW Dhaulasidh Hydro Electric Project set in Himachal Pradesh.

Image Source

Also read: SJVN to get Rs 6,333 cr loan for Arun-3 hydro project in Nepal

Satluj Jal Vidyut Nigam (SJVN) a state-run hydro major plans to invest approximately Rs 8,000 crore in the next fiscal year (2022-23), a 45% increase over the capital expenditure of the current financial year of Rs 5,500 crore, on several hydro, thermal, transmission, and renewable energy under-construction projects. In a statement, the company said that it has achieved the capital expenditure (capex) target for the current fiscal year of Rs 5,000 crore a month prior. With the existing pace of work, they might exceed the target by 10%. SJVN is targeting capex utilisation of Rs 8,000 crore for the financial year (FY) 2022-23, with various projects which are currently under development. Therefore, the company is ready to accomplish this target as well. This capital expenditure is distributed among ten projects having over 3,500 MW capacity which are in the construction stage while the capex utilisation showcases the pace and quantum of works under development in SJVN. The projects in advanced stages of construction utilising a huge portion of the capital expenditure comprise Bihar- 1,320 MW Buxar Thermal Power Project, Nepal - 900 MW Arun-3 Hydro Electric Project, Nepal - 217 km Arun-3 Transmission Line, and Bhutan - 600 MW Kholongchuu Hydro Electric Project. Furthermore, there are other projects including the 210 MW Luhri-1 Hydro Electric Project and 66 MW Dhaulasidh Hydro Electric Project set in Himachal Pradesh. Image Source Also read: SJVN to get Rs 6,333 cr loan for Arun-3 hydro project in Nepal

Next Story
Real Estate

Rethinking Slum Development

In July 2024, the Supreme Court directed the Bombay High Court to initiate suo motu proceedings to evaluate the implementation of the Maharashtra Slum Area (Improvement, Clearance and Redevelopment) Act.During the ensuing proceedings, the Division Bench of Justices expressed concern about the plight of slum dwellers, saying, “Merely because you are a slum dweller doesn’t mean that you are left to the discretion of developers. They end up with a pittance.” The Bench also noted that the buildings allocated to slum dwellers were akin to “vertical slums”. “The buildings are congested. ..

Next Story
Real Estate

Ring in the New!

Lighting:OLED (organic light emitting diode) panels such as those by Philips are the latest option in soft lighting fixtures that can be embedded into walls, ceilings or furniture, says Nilesh Sawant, Principal Architect, Nilesh Sawant Architect. “Being thin and flexible, they lend themselves well to different applications while delivering the energy-efficiency associated with LED technology.”And Sapna Aggarwal, Founder, ANSA Architecture & Interiors, says “Embedded light-emitting diodes can create a dreamy illumination, while dimmable LEDs are useful for allowing..

Next Story
Infrastructure Urban

Jhansi Library

The Jhansi Library, commissioned by the Jhansi Development Authority (JDA) under the Jhansi Smart City initiative and built by Bootes Impex, a net-zero construction-tech company. It is the first library in Asia to achieve EDGE (Excellence in Design for Greater Efficiencies) certification from the International Finance Corporation (IFC), a member of the World Bank Group. This milestone marks the library as India’s first and only net-zero library, aligning  with India’s Net-Zero Vision 2070.Sustainable designDeepak Rai, Managing Director, Bootes Impex, explains, “The project's vision ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000