SJVN Limited, a public sector enterprise, has announced the commencement of full commercial operation of its 60 MW Naitwar Mori Hydroelectric Project (NMHEP). This significant development marks the beginning of electricity supply to the national grid from the project’s second unit, which has a capacity of 30 MW.
Integration with the National Grid
In a recent communication to the stock market, SJVN confirmed the successful integration of the second unit of the 60 MW Naitwar Mori Hydroelectric Project with the national grid. This integration is a crucial step in enhancing the power supply stability in the region.
Annual Electricity Generation Capacity
The Naitwar Mori HEP, located on the Tons, a major tributary of the Yamuna river in Uttarkashi district of Uttarakhand, comprises two generation units, each with a capacity of 30 MW.
The first unit has been operational commercially since November 24, 2023. The project is expected to generate 26.55 crore units of electricity annually. Additionally, SJVN has constructed a 37-kilometer 220 kV transmission line from Naitwar Mori HEP – Bainol to Snel for efficient power transmission.
Benefits to Uttarakhand Government
Trending Now: With the project’s commencement, 12% of the electricity generated will be provided free of cost to the Uttarakhand government as royalty. Furthermore, each family affected by the project will receive an amount equivalent to the cost of 100 units of electricity per month for ten years.
SJVN Share Price Performance
The share price of SJVN closed at ₹85. The stock has shown remarkable performance, with a 52-week high of ₹86 and a low of ₹30. It has yielded a return of 22% in one month, 36% in three months, and an impressive 150% so far this year.
This news article provides an overview of the Naitwar Mori Hydroelectric Project’s commencement and its impact on SJVN’s performance in the stock market. For more detailed information, investors and interested parties are advised to refer to official SJVN communications and stock market updates.
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