Shimla, Apr 1 (UNI) Public sector Satluj Jal Vidyut Nigam (SJVNL) will generate 6,600 million units (MUS) of power and mop up Rs 1,378 crore during this financial year from its 1500 MW Nathpa Jhakri Hydro Power Station, situated in Shimla and Kinnuar districts of Himachal Pradesh.
A Memorandum of Understanding (MoU) to this effect was signed between Union Power Secretary Anil Razdan and SJVNL's CMD HK Sharma recently, a company spokesman said in a release here.
He said the MoU also included construction of the 412 MW Rampur hydro electric project, besides completing the Kasholi adit of Rampur Project, scheduled to be completed in March, 2009, and Goshai adit in October 2008 and the Kazo adit by August 2008.
The MoU also provided for excavation of 5,250 metre of the 15 km long head race tunnel by March next year, he added.
It also spelled out the schedule for submission of detailed project reports (DPRs) of 252 MW Devsari hydro electric project in February, next year and 56 MW Naitwar Mori hydro electric project in July, later this year.
The parameters of the MoU also included obtaining ISO 14001 for Environment and Re-settlement and Rehabilitation activities and OHSAS-18001 for the Rampur hydro electric project, besides imparting training to 250 employees of the company during this year.
As per terms of the MoU, the Power Ministry would support the SJVN to be designated as schedule 'A' Company and also to help it join the club of mini ratna PSU. The Ministry would also assist the power major in obtaining speedy clearances for its projects from various statutory authorities, besides providing necessary help to the SJVNL for full and timely realisation of its dues from its beneficiary or bulk consumers and state electricity boards.
The SJVNL had entered the august club of selected Central Public Sector Undertakings (CPSUs) in 2004-05, who sign the MoUs with the Central Government every year.
During the last financial year 2007-08, the 1500 MW Nathpa Jhakri Power Station had generated 6,450 million units (MUs) of Power, surpassing the MoU targets of 6397 MUs, while it generated 5,941 MUs in 2006-07 and 4,055 MUS during 2005-06.
UNI AS PS JS1824