SJVN Gets License to Enter Power Trading Biz
Power sector regulator Central Electricity Regulatory Commission (CERC) has granted a Trading License to hydro-electric power generation and transmission company SJVN Ltd for inter-state trading of electricity.
January 11, 2022. By Manu Tayal
The Commission said that SJVN meets the requirements of the Act and the Trading License Regulations for grant of inter-state trading license.
Commenting on the achievement, Nand Lal Sharma, Chairman & Managing Director of SJVN, 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 Ltd (STPL) and other upcoming subsidiaries in the renewable sector.”
“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,” Sharma added.
He 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.
He also emphasized that the state-run SJVN has 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 the power sector related to renewable and non-renewable energy and trading thereof.
SJVN will focus on fulfilling power supply deficiencies across various states while also addressing seasonal and regional variance of demand and supply, Sharma further said.
Besides, the company would also consolidate the power of small and medium power generators and trade it into bulk power consumers. While SJVN currently has the requisite infrastructure and personnel to carry out trading activities efficiently, all incremental support systems, manpower, and infrastructure requirements shall be dealt with as per need, he added.
Sharma also mentioned that 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.
The company has a strong portfolio of 41 projects of 16,432 MW of capacity and has already bagged 1,670 MW solar power capacity through a competitive bidding process.
Sharma said that many more projects in the renewable sector are under bidding process.
Though, the company has already established its footprints in 9 states across the country viz Himachal Pradesh, Bihar, Maharashtra, Uttar Pradesh (UP), Uttarakhand, Gujarat, Punjab, Arunachal Pradesh and in 2 neighbouring countries namely Nepal and Bhutan.
These projects, Sharma told, will add up to the realization of the company’s shared vision of the capacity building of 5 GW by 2023, 12 GW by 2030 and 25 GW by 2040.
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