The Satluj Jal Vidyut Nigam (SJVN) inaugurated various infrastructure-related construction activities for the 382 MW Sunni Dam Hydro Electric Project.
SJVN Chairman and MD Nand Lal Sharma said, “The construction work for the 113-meter double-lane steel truss bridge has been started. The bridge is estimated to cost about Rs 14 crore.”
The project is being financed on 70:30 debt-equity ratio and on completion it will earn a 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 the 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 the clean energy transition of the nation and vision to provide round-the-clock power to all, the company stated in the press release.
SJVN is an Indian public sector undertaking having business interests in hydro, thermal, solar, wind and in power transmission & power trading. It is a joint venture between the Government of India and the Government of Himachal Pradesh.
