Don’t miss the latest developments in business and finance.

SJVN receives CCEA approval for investment of Rs 2614 cr for 382 MW Sunni Dam HEP

Image
Capital Market
Last Updated : Jan 05 2023 | 10:31 AM IST
SJVN announced that the Cabinet Committee on Economic Affairs has approved investment of Rs 2,614 crore for 382 MW Sunni Dam Hydro Electric Project in Himachal Pradesh.

The project is scheduled to be commissioned within 63 months of the commencement of construction works and shall generate 1,382 million units annually. The project is being financed on 70:30 debt equity ratio and on completion it will earn 16.50% return on equity for the Company. This will reduce carbon dioxide emissions by 1.1 million tons annually.

The company has aligned its Shared Vision of 5,000 MW by 2023, 25,000 MW by 2030 & 50,000 MW capacity by 2040 with that of Government of India's target of achieving 50% energy from non-fossil fuel sources by 2030. As a strategic & reliable partner, SJVN plans to play a vital role in clean energy transition of the nation and vision to provide round the clock power to all.

Powered by Capital Market - Live News

Also Read

First Published: Jan 05 2023 | 10:22 AM IST

Next Story