Shimla: SJVN Limited, a prominent public sector enterprise, has achieved a noteworthy feat with the complete commencement of the 60 MW Naitwar Mori Hydroelectric Project (NMHEP). The successful integration of the project’s second unit, boasting a 30 MW capacity, with the national grid signals a crucial step forward in bolstering power supply stability in the region.
Integration with the National Grid
In a recent disclosure to the stock market, SJVN officially confirmed the operational readiness of the second unit at the Naitwar Mori Hydroelectric Project. This integration is pivotal in enhancing the overall stability and efficiency of power supply to the national grid.
Annual Electricity Generation Capacity
Situated on the Tons, a significant tributary of the Yamuna river in Uttarkashi district, the Naitwar Mori HEP comprises two generation units, each capable of producing 30 MW. The first unit has been commercially operational since November 24, 2023, contributing to the project’s expected annual electricity generation of 26.55 crore units. Additionally, SJVN has strategically implemented a 37-kilometer 220 kV transmission line from Naitwar Mori HEP to Snel, ensuring efficient power transmission.
Benefits to Uttarakhand Government
Notably, with the project’s initiation, 12% of the electricity generated will be allocated free of cost to the Uttarakhand government as royalty. Furthermore, families affected by the project will receive compensation equivalent to the cost of 100 units of electricity per month for a decade.
SJVN Share Price Performance
In the stock market arena, SJVN has displayed a remarkable performance, closing at ₹85 per share. The stock has reached a 52-week high of ₹86 and a low of ₹30, delivering returns of 22% in one month, 36% in three months, and an impressive 150% year-to-date.
This article provides a concise overview of the commencement of the Naitwar Mori Hydroelectric Project and its substantial impact on SJVN’s stock market performance. For more in-depth information, investors and interested parties are encouraged to refer to official SJVN communications and stock market updates.
