electricity through hydro and wind power projects. The central government holds 64.46 percent stake in the company, followed by 25.51 percent held by the government of Himachal Pradesh and the balance 10.03 percent by public.
The Centre's stake is valued at above Rs 8,500 crore and the government has been contemplating to go ahead with its disinvestment plan, which includes SJVN. The move will help the finance ministry in reducing the country's fiscal deficit.
NTPC has moved a proposal with the ministry’s Department of Investment and Public Asset Management (DIPAM) to pick up stake in the Shimla-based PSU, media report quoting official sources said.
As per the details available, the present paid-up capital and authorised capital of SJVN are Rs 4,136.63 crore and Rs 7,000 crore, respectively. Its net worth is Rs 10,203.04 crore.
SJVN operates 1,500 megawatt (MW) Nathpa Jhakri Hydro Power Station in Himachal Pradesh, 412 MW Rampur Hydro Power Station in Himachal Pradesh and 47.6 MW Khirwire Wind Power Project in Maharashtra. At present, the company is implementing power projects in HP, Uttarakhand, Bihar, Gujarat, Rajasthan and Arunachal Pradesh apart from that in Nepal (900MW) and Bhutan (600MW).
SJVN’s present installed capacity is at 1,959.6 mw, comprising 1912 mw hydro and rest 47.6 MW of wind power.
NTPC has a plan to become India’s largest renewable energy company in the next decade. This takeover will help in achieving the long-term goal to generate more clean energy and emerge as the biggest player. At the moment, NTPC generates 97% of its total power through thermal projects, which it wants to reduce substantially.
NTPC generates 800 MW from its only Koldam Hydro Power project in Himachal Pradesh. It has also installed solar power capacity of 545MW.
NTPC is India’s largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India. To strengthen its core business, the corporation has diversified into the fields of consultancy, power trading, training of power professionals, rural electrification, ash utilisation and coal mining as well.
The total installed capacity of NTPC is 45,548 MW (including JVs) with 18 coal-based and seven gas-based stations. Seven JV stations are coal-based and eight renewable energy projects. The PSU has set a target to have an installed power generating capacity of 1,28,000 MW by the year 2032. The capacity will have a diversified fuel mix comprising 56 percent coal, 16 percent gas, 11 percent, nuclear and 17 percent, renewable energy sources including hydro.
On the other hand, SJVN, a Miniratna, PSU under administrative control of Ministry of Power was incorporated on May 24, 1988 as a joint venture of the Government of India and the Government of Himachal Pradesh. SJVN is now a listed PSU having shareholders pattern of 64.46 percent with govt of India, 25.51 percent with Govt. of Himachal Pradesh and rest of 10.03 percent with public. The present paid up capital and authorized capital of SJVN are Rs. 4,136.63 crore and Rs. 7,000 crore, respectively. The present installed capacity of SJVN is 1,959.6 MW (comprising 1912 MW Hydro and 47.6 MW Wind Power).