Context:

• SJVN, established as a joint venture between the Government of India and the Government of Himachal Pradesh has earned the prestigious Navratna status.

Key Points:

• The establishment of SJVN Limited marked a significant chapter in India's journey towards harnessing renewable energy, particularly from the vast hydroelectric potential of the Himalayan region.
• SJVN Limited was incorporated on May 24, 1988, as a joint venture between the Government of India and the Government of Himachal Pradesh.
• Originally named Nathpa Jhakri Power Corporation Private Limited, the company was tasked with the ambitious goal of developing the 1,500 MW Nathpa Jhakri Hydroelectric Project, located in the picturesque Shimla district of Himachal Pradesh. This project was envisioned as a cornerstone for tapping into the region's abundant water resources, which are crucial for hydroelectric power generation.

The journey of SJVN has been marked by several key milestones that reflect its growth and transformation:

• November 3, 1988: The company removed "Private" from its name, signaling its transition to a public sector enterprise.
• September 17, 2002: The company was renamed Satluj Jal Vidyut Nigam Limited, aligning its identity with the Satluj River, a vital water source for hydroelectric projects in the region.
• September 10, 2009: The transformation to SJVN Limited marked the company's expanded operational horizons, paving the way for diversification into other renewable energy sectors.

Governance structure

SJVN's governance structure exemplifies a robust public-private partnership, with a shareholding pattern that includes:

• Government of India: 55%
• Government of Himachal Pradesh: 26.85%
• Public Shareholders: 18.15%

Navratna status and significance

• In recognition of its operational excellence and strategic importance, SJVN was conferred the prestigious Navratna status, a designation reserved for top-performing public sector enterprises under the Ministry of Power.
• This status enhances SJVN's autonomy in decision-making and allows it to pursue growth opportunities more aggressively, thereby contributing significantly to India's energy security.

Operational achievements

SJVN has made remarkable strides in the power generation landscape, with a total hydropower capacity of 1,972 MW. Key hydropower plants under its management include:

• Nathpa Jhakri
• Rampur
• Naitwar Mori

In addition to hydroelectric power, SJVN has diversified its energy portfolio to include:

• Wind Power: 97.6 MW
• Solar Power: 396.9 MW

This diversification not only enhances energy security but also aligns with India's commitment to increasing the share of renewable energy in its overall energy mix.

Strategic vision

• From its humble beginnings as a single-state, single-project enterprise, SJVN has expanded its operational footprint across 13 Indian states and ventured into neighboring Nepal. This geographical diversification reflects SJVN's commitment to implementing diverse energy projects and contributing to regional energy needs.
• SJVN's ambitious goal is to evolve into a 25,000 MW power generation company, transitioning from a regional hydroelectric entity to a comprehensive, transnational power sector organization. This vision underscores the company's commitment to innovation, sustainability, and meeting the growing energy demands of the nation.

Significance for Himachal Pradesh

For the state of Himachal Pradesh, SJVN represents more than just an energy company. It symbolizes:

• Economic empowerment: By generating employment and fostering local industries.
• Technological innovation: Through the adoption of cutting-edge technologies in energy generation.
• Sustainable development: By promoting renewable energy and minimizing environmental impact.
• Leveraging natural resources: By effectively utilizing the state's hydroelectric potential for national benefit.