Public sector company Satluj Jal Vidyut Nigam Ltd (SJVNL), that also owns and operates India's largest hydropower project in Himachal Pradesh, announced on Tuesday that it has achieved the generation target from its projects - well in advance of time.
The government had fixed at 8,520 million units, the target of cumulative generation of electricity from the 1,500 MW Nathpa Jhakri plant and 412 MW Rampur project, both in the hill state, and 47.6 MW Khirvire wind power project in Maharashtra for this fiscal.
"We have achieved the target three months in advance and set up the new benchmarks in the field of electricity generation," chairman and managing director R.N. Misra was quoted as saying in a statement.
The construction of Kholongchu hydro electric project in Bhutan, Buxar thermal power project in Bihar and Charanka solar power project in Gujarat have been started, said Misra, who has been honored with the 'CEO with HR Orientation' award on Monday.
World HRD Congress presented these awards to recognize and appreciate the talented individuals in the industry.
At present, SJVNL is implementing 12 projects in Nepal, Bhutan, Arunachal Pradesh, Himachal Pradesh, Uttrakhand, Bihar, Gujarat and Maharashtra, and is presently generating 2,000 MW of electricity.
SJVNL is a joint venture between the central and the Himachal Pradesh governments, with the former with 74.5 percent stake, and 25.5 percent held by the state government. However, the central government sold 10 percent equity in May 2010.