SJVN Grants A Rebate Of Rs. 57.82 Crore To Its Power Distributors

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By: Vijay Kumar Verma, Group Editor-ICN World

SHIMLA: As a measure to give relief to its 15 power distribution companies spread in 10 beneficiary states including 2 union territories of the country, public sector SJVN Limited has given a rebate of Rs.57.82 crore on fixed energy charges for the period from March 25 to May 17, 2020.

Nand Lal Sharma, Chairman and Managing Director of the company informed ICN that the Government of India had proposed to ease the debt burden of the power distribution companies (DISCOMS) during the period of lockdown. Accordingly it had been  decided to give a rebate of 20 to 25 percent on fixed energy charges to these companies by the power producers across the country.

Going by the distribution pattern of electricity, he told,  Himachal Pradesh was the largest beneficiary getting a rebate of about Rs.17 crore followed by Uttar Pradesh at Rs.10.3 crore. However the home state, Sharma informed, was also a equity partner in the company to the extent of 25 percent and is also entitled to the benefit of free power besides its share as a beneficiary state.

He further stated that SJVN had recorded the second highest energy generation at 7445 million units from its 1500 MW Nathpa Jhakri hydro power station while the total energy generated at all its five operating plants amounted to 9678 million units against a target of 9100 million units during the financial year 2019-20.

Talking about various community welfare measures Sharma told that the company had contributed generously to the state and central government relief funds for battling the ongoing pandemic of Corona virus. The company he said was also implementing various austerity measures to contain expenses during the current financial year. Avoidable expenses on maintenance, tours and travels, hospitality, meetings, stationary etc have been curtailed to the best possible extent, he said.

Three power plants of the company to add 2286 MW to its installed capacity of 2015 MW, he said, were under various stages of construction in Uttarakhand, Bihar and Nepal. The company’s first 1320 MW Thermal power project at Buxar in Bihar is also coming up fast, he told.

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