SJVN Limited to foray into power trading business

17 Jan 2022 CW Team

Satluj Jal Vidyut Nigam Limited (SJVNL) will enter the power trading business. It has received a trading licence from Central Electricity Regulatory Commission (CERC) for interstate electricity trading.

CERC said that SJUNL would cater to the need of the Act and Trading Licence Regulations for grant of interstate trading licence.

Chairman and Managing Director of SJVNL, Nand Lal Sharma, said that a trading licence is another step to boost its business. SJVNL will now trade electricity generated by public or private companies, including SJVN Arun-3 Power Development Company (SAPDC), SJVN Thermal Private Limited (STPL), and other upcoming subsidies.

India generates around 1,381 billion units (BU) of electricity, from which only 7% is traded on the power exchanges.

Sharma said that efficiently trading electricity will benefit the consumers in the open-access regime brought by the Electricity Act 2003 and the CERC and Science and Engineering Research Council (SERC) regulations.

SJVNL has planned to install a 25 GW capacity by 2040. It has an operational portfolio of 2 GW and is executing 27 renewable energy projects in India, Nepal and Bhutan.

He added that SJVNL aims to meet the demand of power supply across several states while addressing seasonal and regional variance of demand and supply of electricity.

As per a statement, SJVNL will reduce the power of small and medium power generators and trade it into bulk power consumers.

The company is planning to expand its hydropower projects in Nepal, helping India to build South Asia-focused energy security architecture.

Sharma said that the company has a portfolio of 41 projects of 16,432 MW capacity and has acquired solar projects of 1,670 MW capacity through the competitive bidding process.

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