SJVN to Enter Power Trading Business: CMD, SJVN
Central Electricity Regulatory
Commission (CERC) has granted Trading License to
SJVN Limited for interstate trading of electricity. The Commission said that SJVN
meets the requirements of the Act and the Trading License Regulations for
grant of inter -State trading license.
Shri Nand Lal Sharma, Chairman &
Managing Director of the company said that by the grant
of Trading License, another feather has been added to SJVN’s Cap, giving a big
boost to its business. SJVN will now be trading electricity generated by
any public & private generating companies including companies like SJVN
Arun-3 Power Development Company (SAPDC), SJVN Thermal Pvt. Limited (STPL) and
other upcoming Subsidiaries in Renewable Sector. Sh. Sharma stated that
efficient execution of electricity trading in a competitive environment will
ultimately benefit consumers in the spirit of the open access regime brought
about by the Electricity Act, 2003 and subsequent CERC & SERC regulations.
Sh. Sharma further said that, SJVN aims to be a one-stop source for any generator and
consumer wanting to trade power in the country and contribute to the evolution
of a robust and competitive electricity market in India.
Sh. Sharma emphasized that SJVN has an adequate infrastructure, with state-of-the-art
communication facilities and qualified and experienced staff for this task.
SJVN has an energetic core business team with enormous knowledge of power
sector related to renewable and non-renewable energy and trading thereof.
Sh. Sharma further said that, SJVN will focus on fulfilling power supply deficiencies across various
states while also addressing seasonal and regional variance of demand and
supply. SJVN will also consolidate the power of small and medium power
generators and trade into bulk power consumers. While SJVN currently has the
requisite infrastructure and personnel to carry out trading activities
efficiently, all incremental support system, manpower, and infrastructure
requirements shall be dealt with as per need. SJVN aims to commence intra-state
trading operations in India by tying up contracts to the extent of 900 MW round
the clock or equivalent.
Sh. Sharma informed that SJVN has a strong portfolio of 41 projects of 16432 MW capacity
and has already bagged 1670 MW Solar Power capacity through competitive Bidding
Process. Many more Projects in the Renewable Sector are under bidding process,
he said. SJVN has already established its footprints in nine States of
India viz Himachal Pradesh, Bihar, Maharashtra, Uttar Pradesh,
Uttarakhand, Gujarat, Punjab, Arunachal Pradesh and in two neighbouring
countries namely Nepal & Bhutan.
These projects, Sharma told, will add
up to realization of the company’s Shared Vision of capacity building
of 5000 MW by 2023, 12000 MW by 2030 & 25000 MW by 2040.
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