Hot Pursuit     28-Sep-23
SJVN starts mechanical spinning of unit-I of Uttarakhand project
The power generation company on Wednesday announced that it has commenced the mechanical spinning of unit-I of 60 MW Naitwar Mori Hydro Electric Project (NMHEP) at Mori, Uttarakhand.

The spinning of turbine generators and associated auxiliaries with water flow marks the final preparations for synchronization of the units. The barrage and head race tunnel have been filled with water as per procedural guidelines for filling of the hydro project components.

The 60 MW Naitwar Mori Hydro Electric Project is run off the river project designed to harness energy from river tons in Uttarkashi district of Uttarakhand. The project will generate 265.5 million units of electricity annually. The company has constructed 37 km 220 KV transmission line for evacuation of power from Naitwar Mori HEP from Bainol to Snail, SJVN stated in the press release.

This achievement reaffirms the commitment of the firm to harness the energy from nonfossil fuel sources. Marching towards sustainable future, the company has aimed to be a 50,000 MW company by 2040, the company added.

SJVN is an Indian public sector undertaking having business interests in hydro, thermal, solar, wind and in power transmission & power trading. It is a joint venture between the Government of India and the Government of Himachal Pradesh.

The company's consolidated net profit declined 55.39% to Rs 271.75 crore on a 32.80% fall in revenue to Rs 674.79 crore in Q1 FY24 over Q1 FY23.

Shares of SJVN were up 0.27% to Rs 70.07 on the BSE.

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