SJVN to enter power trading business
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.
Nand Lal Sharma, Chairman & Managing Director of SJVN said, “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. Ltd. (STPL) and other upcoming subsidiaries in renewable sector.”
He also added that the 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 and SERC regulations.
Sharma further said, “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.”
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.
“SJVN has a strong portfolio of 41 projects of 16,432 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,” Sharma informed.
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 and 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 and 25000 MW by 2040.