SJVN : Press Backgrounder of Press Conference

SJVN Limited, a Mini Ratna: Category-I and Schedule -'A' CPSE under the control of Ministry of Power, Govt. of India, was incorporated on May 24, 1988 as a joint venture of Government of India (GOI) and Government of Himachal Pradesh (GOHP). SJVN today is a listed Company having shareholder pattern of 63.79% with Govt. of India, 26.85% with Govt. of Himachal Pradesh and rest of 9.37% with Public.

Commencing from a Single Project, i.e India's largest 1500 MW Nathpa Jhakri Hydro Power Station in Himachal Pradesh, which was commissioned in 2003-04, as on date SJVN has commissioned five projects in different states namely 412 MW Rampur Hydro Power Station in Himachal Pradesh, 47.6 MW Khirvire Wind Power Project in Maharashtra, 5.6 MW Charanka Solar Power Plant in Gujarat and 38 MW (19 generating units of 2 MW each) of 50 MW Sadla Wind Power Project in Gujarat.

SJVN is also in the process of executing more Power Projects in the states of Himachal Pradesh, Uttarakhand, Bihar and Gujarat and even has forayed into the neighboring countries of Nepal and Bhutan. The current installed generation capacity of SJVN is 2003.2 MW (comprising of 1912 MW Hydro + 85.6 MW Wind Power+ 5.6 MW Solar Power).

SJVN has also ventured into Power Transmission, with operation of 400 kV Transmission Line of 86 km for trade of power between Nepal & India.

During its journey of the last three decades, SJVN has expanded its horizon and has evolved into a fully diversified Trans-National Power Sector Company, which is capable of generating energy from all types of conventional & non-conventional energy resources, besides evacuation of power through Power Transmission Lines.

Currently, SJVN is in the process of harnessing Power Projects, which are in different stages of development, which on completion will add an additional 4018 MW of capacity. Projects with a potential of 1572 MW generation capacity are under construction, 1848 MW under Pre-Construction & Investment Approval and 598 MW capacity is in the Investigation stage.

SJVN is heading towards an unprecedented growth trajectory and the Company has mammoth projects of International repute in its kitty. SJVN has envisaged Internal Growth Targets, of an installed capacity of 5000 MW by 2022-23, target of 12000 MW by 2030 and 25000 MW by year 2040.

SUBSIDIARIES

(i) SJVN Arun -3 Power Development Company Pvt. Ltd. (SAPDC) is a fully owned subsidiary company of SJVN that has been incorporated in Nepal. The Company has been formed to execute 900 MW Arun-3 Project in Sankhuwasabha District of Nepal. (ii) SJVN Thermal Private Limited (STPL) is a fully owned subsidiary incorporated for execution of 1320 MW Buxar Thermal Power Project located in District Buxar of Bihar.

JOINT VENTURES

(i) Cross Border Power Transmission Company Limited (CPTC) -is a joint venture company of SJVN Limited with POWERGRID, IL&FS Energy Development Company Ltd. and Nepal Electricity Authority (NEA) for implementation of Indian portion of the transmission line from Nepal. CPTC willconstruct and maintain 86 km long, Twin Moose, 400 kV D/C transmission line from Muzaffarpur to Nepal connection point and a bay extension at Muzaffarpur Sub Station. (ii) Kholongchhu Hydro Energy Limited (KHEL)-600 MW Kholongchu Hydro Electric Project in Bhutan is being executed by KHEL, a joint venture of SJVN and Druk Green Power Corporation (DGPC) Bhutan.

The status of the projects under various stages of development are indicated in Table A below:

TABLE A

Sr.	Project Status	No.	Capacity
A	Under Operation	5 1	2003.2 MW ; 86 km, 400 kV, D/C Transmission Line (CPTC- JV)
B	Under Construction	4	1572 MW
C	Under Pre-Construction & Investment Approval	4 1	1848 MW ; 217 km, 400 kV, D/C Arun-3 HEP Associated Transmission System
D	Under Investigation	3	598 MW
Grand Total		16 2	6021.2 MW; 303 km 400 D/c kV Transmission Line

The salient highlights of the projects are as follows:

PROJECTS IN OPERATION & MAINTAINENCE STAGE:

1) 1500 MW Nathpa Jhakri Hydro Power Station -This is the largest underground Power Station in India. It is fully operation since May 2004. The Design Energy of NJHPS is 6612 million units per year, but with quality management, efficient maintenance and running of the plant, it has successively exceeded its Design Energy. NJHPS is equipped with the State-of-Art technology and has the know-how to tackle challenging Himalayan Geology. It has accumulated requisite knowledge and expertise to conceptualize, optimize and develop hydro power projects of any size. Over the years NJHPS has consistently exceeded the Memorandum of Understanding MoU targets set out by the Ministry of Power (MOP). The power plant continues to establish new benchmarks in hydro power sector.

NJHPS is able to exceed yearly generation targets by successfully and efficiently tackling the problem of heavy silt flows in River Sutlej. To protect critical underwater parts of the hydro machines a'State of the Art' Hard Coating Facility has been installed at the power station site. This improves the plants generation efficiency by reducing wear and tear losses. NJHPS is the first hydro power station in the country to use such technology.

2) 412 MW Rampur Hydro Power Station - Rampur Hydro Power Station is SJVNs second operating hydro project. It is a tail race project to Nathpa Jhakri Hydro Power Station and the plant is designed to operate as a Cascade Plant in Tandem with NJHPS, utilizing its tail water. After generation at NJHPS, the discharged de-silted water is diverted from the tail pond into Rampur Intake for generation. The Rampur power plant has a Design Energy capacity of 1878.08 MU. On being commissioned in 2014, Rampur HPS has the rare distinction of being one of the few Hydro Power units in the country which achieved its Design Energy in the very first year of its operation. The plants efficiency continues to excel consistently. 3) 47.6 MW Khirvire Wind Power Station- SJVN has installed its first Wind Power Project of 47.6 MW capacity in Ahmednagar, Maharashtra. The project comprises of 56 Wind Electric Generators (WEGs) of 0.85 KW capacity each and has a total Design Energy capacity of 85.65MU. The project was commissioned in 2014 and is providing 47.6 MW capacity addition to the Maharashtra State Grid.4) 5.6 MW Charanka Solar Power Station- SJVN commissioned its first Solar Plant of 5.6 MW capacity in March 2017 at the Charanka Solar Power Station in Gujarat. The project with a Design Energy of 8 MU has been developed under Renewable Energy Certificate Mechanism. The Power Purchase Agreement for CSPP has been signed with Gujrat Urja Vikas Nigam Limited for a 25 years period.5) 400 KV, D/C Cross Border Transmission Line - The work of India Portion (CPTC) viz. Muzaffarpur-Sursand Power Transmission Line (86 KM) of 400 KV, D/C Muzaffarpur-Dhalkebar Indo-Nepal Cross Border Power Transmission Line Project has been completed and is under operation since Feb 2016.The entire Power Transmission Line consisting of both Nepal (PTCN) and India (CPTC) portions was dedicated to the nations jointly by Hon'ble Prime Minister of India & Nepal on 20th Feb, 2016. Presently, around 145 MW of power is flowing from India to Nepal through the 220/132 kV, 100 MVA transformer installed as a contingent arrangement.

PROJECTS UNDER CONSTRUCTION STAGE :

1) 50 MW Sadla Wind Power Project -Sadla Wind Power Project with an installed capacity of 50 MW is situated in Sadla, Gujarat. The project comprises of 25 Wind Electric Generators each of capacity 2 MW, 19 of which has already been commissioned.PPA has been signed with Gujarat Urja Vikas Nigam Limited (GUVNL) for 38 MW. The Project is in advanced stage of construction and is likely to be commissioned in the current financial year. 2) 900 MW Arun-3 Hydro Electric Project- SJVN Arun-3 Power Development Company (SAPDC) is a fully owned subsidiary of SJVN, which is executing Arun -3 HEP. It is a peaking run-of-river, export-oriented project located on the Arun River in Sankhuwasabha District of Eastern Nepal, with a generation capacity of 900 MW.The project has the potential to generate 3924 million units of electricity every year. The Power Evacuation System for the project consists of erection of 217 kilometer long 400 KV Double Circuit Transmission Line from Diding (project area) in Nepal to Dhalkebar (Nepal border).Government of India has accorded investment approval for the generation component of the project at an estimated cost of Rs 5723.72 crores at May 2015 Price Level.

On 11^thMay 2018 Hon'ble Prime Minister of India, Shri Narendra Modi and Hon'ble Prime Minister of Nepal, Shri K.P. Sharma Oli jointly laid the Foundation Stone of Arun-3 Hydro Electric Project at Kathmandu.

The main Civil Packages, Hydro Mechanical Package and Electro Mechanical packages have been awarded and the works for construction of access roads and bridges is in progress.

3) 600 MW Kholongchhu Hydro Electric Project -Kholongchu Hydro Electric Project is located on the river Kholongchhu in Bhutan. The project designed to generate 2569 MU of energy annually,is being executed by Kholongchhu Hydro Energy Limited (KHEL) which is a Joint Venture of SJVN and Druk Green Power Corporation (DGPC) Bhutan. On 16^th June 2016 Hon'ble Prime Minister of India, Shri Narendra Modilaid the foundation Stone of KHEP. Currently, various works of the project are in progress.4) 60 MW Naitwar Mori Hydro Electric Project -Naitwar Mori Hydro Electric Project is situated on River Tons, a major tributary of River Yamuna in Uttarakhand. The Projectis designed as a run of the river project and has the potential to generate 265.5 MU of energy.

The Foundation Stone of the Project was laid by Hon'ble Union Minister of State (I/C)Power, Shri R.K. Singh and Hon'ble Chief Minister of Uttrakhand, Sh. Trivender Singh Rawat. The construction period of the Project is 48 months and Civil Works Packages, Hydro Mechanical Package and Electro-Mechanical Package have been awarded. The activities related to construction are on full swing.

PROJECTS UNDER PRE - CONSTRUCTION & INVESTMENT APPROVAL STAGES :

1) 1320 MW Buxar Thermal Power Project - SJVN has also forayed into Thermal Power Plant in the country. SJVN Thermal Pvt. Limited, a fully owned subsidiary of SJVN has been incorporated for the development of 1320 MW Buxar Thermal Power Project in Bihar. BTPP has potential to generate 9828 MU of energy annually and is to be developed with Super Critical Technology. 2) 252 MW Devsari Hydro Electric Project- A Run of River scheme project with proposed installed capacity of 252 MW, Devsari HEP is located on River Pinder, a major tributary of river Alaknanda in Uttrakhand. The project with design energy of 937 MU has already obtained Stage-I Forest Clearance. 3) 66 MW Daulasidh Hydro Electric Project-With an installed capacity of 66 MW, Daulasidh HEP is located on River Beas in Himachal Pradesh. Conceptualized and designed as run off river project, Daulasidh HEP has design energy capacity of 247 MU.Government of India have accorded Environment and Forest clearances for the project and the process of acquisition of land is ongoing.

PROJECT UNDER SURVEY & INVESTIGATION STAGES :

1) 210 MW Luhri Hydro Electric Project (Stage-I) -Run off the River project with 210 MW capacity, LHEP Stage-I is situated on Sutlej river near Nirath village in Shimla & Kullu districts in Himachal Pradesh. The project has the potential of generating 782.2 MU of electricity annually. Central Electricity Authority (CEA) has concurred the DPR for an estimated project cost of Rs.1912.59 crores at July, 2017 level. Forest Clearance Stage-1 has been accorded on 19.09.2018 by MoEF . 2) 172 MW Luhri Hydro Electric Project (Stage-II) -The Stage-II of Luhri HEP is located near Sainj village of district Shimla, Kullu and Mandi in Himachal Pradesh. It has generation capacity of 631.84 MU. TOR of EIA/EMP studies has been approved by MOEF and investment approvals for pre-construction activities have been approved by Govt. of India. The Geophysical survey i.e seismic refraction for establishing over burden in Nallah at Dam location has also been completed. 3) 382 MW Sunni Dam Hydro Electric Project -The third stage of LHEP is Sunni Dam HEP is also run off the river project situated near Khaira village in Shimla and Mandi districts of Himachal Pradesh. The project has potential to generate 1382 MU of energy. 4) 44 MW Jakhol Sankri Hydro Electric Project in Uttarakhand -44 MW JSHEP is located on river Supin, a tributary of River Tons in Uttarakashi district of Uttrakhand. The project is designed as Run off River project that has potential to generate 166 MU of energy every year. Investment approval for pre-construction activities of the project has been accorded.

TRANSMISSION PROJECTS

Cross Border Inter State Transmission 400 kV Double Circuit Transmission Line for evacuation of power from 900 MW Arun-III Project consist of 217 km long Transmission Line in Nepal and 86 Km Transmission Line in Indian portion, totaling to 303 KM. The works for Transmission Line (Indian Portion) will be constructed under Regulated Tariff Mechanism (RTM). In addition, the works of 217 KM Transmission Line (Nepal Portion) is being executed by SAPDC. The contract agreement for 'Project Management Consultancy Services for Transmission System associated with Arun-3 HEP has been signed between SJVN and Power Grid.

OPERATIONAL EXCELLENCE:

By adopting best operational and maintenance practices, SJVN has been raising the bar for the power sector in the country. SJVNs projects under operation, which are the Nathpa Jhakri Hydro Power Station, Rampur Hydro Power Station, Khirvire Wind Power Project and Charanka Solar Power Project cumulatively generated 9280 MU of power against the combined MoU target of 8950 MU that was set out for attaining an 'Excellent' rating. The cumulative design energy of these projects is 8584 MU. NJHPS, the flagship project of SJVN continues to achieve one milestone after another and has surpassed 1,00,000 MU of cumulative generation on 2^ndDecember 2017. The achievement bears testimony to the competency and unrelenting efforts of Operation & Maintenance teams of SJVN. As a result of efficient silt management and optimization of machine maintenance period, coupled with adequate discharge in river Sutlej, SJVN has been able to generate power equal to or in excess of design energy in both NJHPS and Rampur HPS. Generation record for past five years is as given below:

Sr. No.	Year	MoU Target(MU)	Actual Energy Generation (MU)
1	2013-14	6930	7193
2	2014-15	7920	8136
3	2015-16	8520	9346
4	2016-17	8700	9045
5	2017-18	8950	9280
6	2018-19	9200	6145 (Till 25.09.18)

For its exceptional operational, financial and organizational performance, the Company has consistently been rated 'Excellent/Very Good' for last many years.

FINANCIAL STRENGTH

The present paid up capital and authorized share capital of SJVN is Rs. 3,929.80 Crore and Rs. 7,000 Crore respectively. The present Net Worth is Rs. 10,694.71 Crore. The financial position and performance of the Company continues to remain robust. During FY 2017-18, Revenue from operations stood at Rs 2230 crores and Profit After Tax at Rs 1225 crores.

The financial performance of SJVN for the last five years is as under: (Rs. in crore)

Sr.	Description	213-14	14-15	15-16	16-17	17-18
1	Revenue from Operations	1873.58	2817.53	2493.96	2679.31	2229.97
2	Profit after tax	1114.63	1676.75	1407.34	1544.14	1224.88
3	Dividend paid	405.39	434.35	455.03	1137.57	864.56

CORPORATE SOCIAL RESPONSIBILITY & SUSTAINABLE DEVELOPMENT

SJVN, being a responsible corporate citizen is striving for the welfare of the community residing around its projects. The Company has formulated and adopted a well perceived Corporate Social Responsibility and Sustainability Policy which is in consonance with the Companies Act, 2013.

The CSR and sustainability programs are implemented through 'SJVN Foundation'. The focus areas of CSR and sustainability program are as under:-

· Health and hygiene · Education and skill development · Infrastructural and community development · Sustainable development · Assistance during natural calamities · Preservation and promotion of culture, heritage and sports

As per the data available in the Ministry of Corporate Affairs, out of 5097 companies (Private and public sector), SJVN is placed at 55^th rank in terms of the CSR budget spent. Major CSR programs undertaken by SJVN are as follows:

· 14 Mobile Medical Unitsunder the aegis of 'Satluj Sanjeevni Sewa' are in operation in 4 states (Himachal Pradesh, Uttrakhand, Bihar and Maharashtra) free medicines and consultations being provided by these mobile units. · In Women and child development scheme, BPL women are provided pre-natal and post-natal care with nutritional food items, soaps and other hygiene related items free of cost.

· Under 'Skill India Initiative'of the Government of India as well as the national mission of doubling the income of farmers, training imparted to appx. 1500 farmers.

· Each year More than 1500 local youth are provided skill development trainingof one to three months through specialized agencies. Further 150 local youth are sponsored in Govt. ITIs every year. · Under SJVN Silver Jubilee Merit Scholarship Scheme, every year 250 meritorious students are provided scholarship for pursuing the higher studies. · Community assetsviz hospitals, veterinary dispensaries, approach roads, village paths, schools infrastructure, drinking water, community bhawan, panchayat ghars, mahila mandals, bus stands, cremation grounds etc are constructed in and around project areas. · UnderSwachh Bharat Mission, projects like construction of toilets, sewerage treatment plant, installation of dustbins and awareness drives etc. are undertaken.

RECOGNITIONS AND ACCOLADES

SJVN has been bestowed with number of National/International Awards and Accolades in recognition of its excellence. A few are as under:-

i. SJVN has been conferred with Karobar Excellence Award 2018 - Karobar Best Initiative Development Project'for Arun-3 Hydro Electric Project in Nepal.ii. SJVN bagged Rajbhasha Kirti Award for effective Implementation of Official Language Policy for the year 2017-18.iii. SJVN was awarded with 'Achievement Award 2018 and 'Partners in Progress Trophy' for Social Development & Impact during 10th CIDC Viswakarma Award 2018. The award was presented by Construction Industry Development Council. iv. SJVN was conferred with Global CSR Excellence & Leadership Award in the category of Concern for Health by World CSR Congress, Mumbai. v. SJVN was felicitated with 'Eminent Award' for Best Corporate Social Responsibility practices in health sector by the EK Nam Desh Ke Nam, New Delhi. vi. SJVN was honoured with 'Silver Plate Award' by HelpAge India, New Delhi for its outstanding contribution in the field of healthcare as one of its many CSR initiatives.

vii. SJVN was awarded with Winner Trophy for 'Best Hydro Power Generator' by Independent Power Producers Association of India (IPPAI). The prestigious award was conferred to SJVN for its outstanding performance in the area of Operation & Maintenance of Hydro Power Stations.

In its 30 years of existence, SJVN has transformed from a special Purpose Vehicle constituted for execution of a single project into a diversified power entity having presence in India as well as in its neighboring countries. SJVN will continue to strive to achieve its vision, to be best in class Indian Power Company globally admired for developing affordable and sustainable power.