On May 24, 1988, SJVN was being incorporated under the Indian Companies Act, 1956, and as amended (as per the Companies Act) as a private limited company with the brand name of Nathpa Jhakri Power Corporation Private Limited and with the Registrar of Companies, Punjab, Chandigarh, and Himachal Pradesh.
It is into hydroelectric power generation initially established as a joint venture among the government and the state government of Himachal Pradesh for developi
ng and operating the Nathpa Jhakri Hydro Power Station (or NJHPS). Also, based on the information published by the CEA, the NJHPS is presently, the largest operation offering hydroelectric power generation facility in India based on the installed capacity, with an aggregate generation capacity of about 1,500 MW and is located on the Sutlej River in the state of Himachal Pradesh.
Currently, NJHPS is the only hydroelectric power project in operation. Also, via the construction and operation of the NJHPS, it gained experience in the design, construction, development, and operation of hydroelectric projects, and even the execution and management of all aspects of such projects since the initial stages of concept to operation, commissioning, and maintenance of such projects.
It is currently constructing the Rampur Project that is expected to be a 412 MW hydroelectric power generation facility and is located downstream from the NJHPS. It is now projected to be completed and commissioned in the year 2013. Also, it has been awarded the rights of developing and operating the two hydroelectric projects with an expected aggregate generation capacity of about 825 MW by the state government of Himachal Pradesh (and in each of which it is expected to have a 51% participation interest).
The Company also entered into the memoranda of understanding with the state government of Uttarakhand for about three hydroelectric projects with an expected aggregate generation capacity of approximately 363 MW. Also, further it agreed to participate in a joint venture, along with NHPC Limited and the state government of Manipur for both the development and operation of about 1,500 MW hydroelectric power projects that is located in Manipur.
The Company has diversified the operations for targeting hydroelectric power projects that are available outside India, and is also awarded the rights to construct and operate on a own, build, operate and transfer (as per BOOT) basis, which is a 900 MW hydroelectric power project that is to be located in the Sankhuwasabha district, in Nepal, via participating in a competitive tender that was held by the Nepalese government. Via such projects, is expected to increase its total installed power generation capacity by about 3,588 MW.
Some of the Achievements:
- Received the Safety Award (Silver Award in the power sector) from Greentech Foundation in 2006, 2007, 2008 and 2009.
- Received the Greentech Environment Excellence Award (Silver Award) from Greentech Foundation in 2009.
- Received the Greentech Environment Excellence Award (Bronze Award) from Greentech Foundation in 2006 and 2007.
Milestones of the Company:
- 1988: Company incorporation took place.
- 1992: It took over the execution of NJHEP from the HPSEB.
- 1997: Improvement of the authorized share capital of the company from INR 10,000 million to INR 22,000 million.
- 1999: Also, enhancement of the authorized share capital of the company from INR 22,000 million to INR 45,000 million.
- 2002: Company name changed from Nathpa Jhakri Power Corporation Limited to the Satluj Jal Vidyut Nigam Limited.
- 2004: GoHP handed over the Luhri Hydro Electric Project to the company for the preparation of an entire detailed project report.
- 2004: The implementation agreement was signed with GoHP for RHEP.
- 2005: CEA cleared DPR for RHEP.
- 2005: An agreement was signed with the government of Uttarakhand for the execution of Devsari HEP (300 MW), Jakhol Sankri HEP (33 MW), and Naitwar Mori HEP (33 MW) on BOOT basis.
- 2008: The Company gets the Grant of Mini Ratna Category-I status.
- 2008: It upgraded from Schedule B to Schedule A and Central Public Sector Enterprise.
- 2008: MoU was signed for Arun–III HEP, along with the Government of Nepal.
- 2008: MoU was signed between GoHP and the company for the implementation of the Luhri HEP.
- 2009: Company name changed from Satluj Jal Vidyut Nigam Limited to SJVN Limited.
- 2009: Company status changed from a private limited company to a public limited company.
- 2009: Company rose to about INR 70,000 million.
- 2009: Subdivision of face value of equity shares from INR 1,000 per equity share to INR 10 per equity share.
Certifications of the Company:
- 2009: The Bureau of Indian Standards allowed the company a license for occupational health and safety management systems certification for carrying out activities at RHEP following the IS 18001:2007. Also, the license was valid from March 31, 2009, to March 30, 2012.
- 2009: The Bureau of Indian Standards allowed the company a license for occupational health and safety management systems certification for carrying out activities at RHEP following the IS 14001:2004. Also, this specific license was valid from March 31, 2009, to March 30, 2012.
- 2008: The Certificate was allowed by the certification body of the TUV SUD Management Service GmbH Trading as the TUV SUD South Asia Private Limited to the company certifying that the construction of both the tunnel and powerhouse from Jhakri to Bayal for the generation of 412 MW of electricity complied with the needs of ISO 9001:2000.
- 2008: The Det Norkse Veritas Management System Certificate granted the certification of the quality management system of the company regarding the services of design, contracting, quality assurance and associated support to hydropower projects/hydropower stations that conform to the Quality Management System Standard ISO 9001: 2000. Also, the certificate was valid until February 11, 2011.