SJVNNSE3 April 2025

SJVN Limited has informed the Exchange regarding 'Investor Presentation Financial Year 2024-25'.

SJVN Limited

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एसजेवीएन लिलिटेड SJVN Limited

(A Joint Venture of Govt. of India & Govt. of H.P.) A Navratna CPSE CIN: L40101HP1988GOI008409

SJVN/CS/93/2025-

Date: 03/04/2025

NSE Symbol: SJVN-EQ

SCRIP CODE: 533206

National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra East, Mumbai 400 051, India

BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001, India

SUB: Investor Presentation Financial Year 2024-25

Sir/Madam,

Kindly find attached herein Investor Presentation for Financial Year 2024-25 as desired by investors during the Investor Conference Call held on February 14, 2025.

Kindly take the above information on record and oblige.

Thanking you,

Yours faithfully,

(Soumendra Das) Company Secretary

Encl: As stated above

Note: This is voluntary submission and not to be considered as an intimation under the SEBI (Listing Obligations and Disclosure Requirements), Regulation 30 of Regulations, 2015.

_______________________________________________________________________________________________________________ पंजीकृ त एवं कॉपोरेट कार्ाािर्: एसजेवीएन कॉर्पोरेट ऑफिस कॉम्प्लेक्स, शनान, शशमला – 171006 हिमाचल प्रदेश Registered & Corporate Office: SJVN Corporate Office Complex, Shanan, Shimla – 171006, Himachal Pradesh दूरभाष / Tel No.: 0177-2660075, फ़ै क्स / Fax: 0177-2660071, ईिेि / Email: cs.sjvn@sjvn.nic.in, वेबसाइट / Website: www.sjvn.nic.in

Clean Power For Every Home

INVESTOR PRESENTATION FINANCIAL YEAR 24-25 : December, 2024

Salal Power Station, J&K

Presentation Outline

SJVN Today

Financial Highlights

Financial Ratios

Projects at a Glance

Projects under Pipeline & New Initiatives

Our Vision: To be best-in-class Indian Power Company globally admired for developing affordable clean power and sustainable value to all stake holders.

SJVN-Today

Arun-3 HEP

Dhaulasidh HEP

Buxar TPP

Bikaner SPP

PHYSICAL SNAPSHOT

Project Status

Installed Capacity

Under Operation

Under Under Construction Construction

Pre-

Under Construction Awaiting Clearances

No.

Capacity

12 2#

17 3#

2467 MW 123 km#

4936 MW 268 km#

9067 MW

Under Survey & Investigation

17211 MW

Under Pipeline

# - Transmission Line Projects

PHYSICAL SNAPSHOT

Installed Capacity

❖ Power Stations under Operation-12 Nos. (2467 MW)

• Power Stations with SJVN- 7 Nos. (2076.5 MW) • Power Stations with Subsidiary-5 Nos. (390 MW)

❖ Projects Under Construction (i/c Subsidiaries): 17 Nos.

Under Construction

(4936 MW)

• Hydro- 4 Nos. (1558 MW) • Thermal-1 Nos. (1320 MW) • Solar - 12 Nos. (2058 MW)

Under Pre-Const.

❖ Projects under Pre-Construction:

• Standalone - 4 Nos. (4490 MW) • Subsidiary – 14 No. (4577 MW)

Under S&I ❖ Projects under Survey & Investigation - 22 Nos. (17,211 MW)

Status

Capacity (MW)

Operational Projects

2,466.5

Projects Under Construction (including Subsidiary & JV)

4,936

Projects Under Pre-Construction:

Stand alone

Subsidiaries

Projects Under Survey & Investigation

4,490

4,577

17,211

Total

33,680.5

SJVN‘s Track Record – A Ten Year Digest

Generation (in M.U.)

Actual FY’25

Actual FY’24

Installed Capacity

9348

9282

9224

9208

9335

9678

9046

Under Construction

8138

Awaiting Clearances

8435

8489

• 3292

Q-1

• 4729

Q-2

• 1593

Q-3

• 713

Q-4

• 2107

• 4240

• 1262

• 592

Q-1

Q-2

Q-3

Q-4

• 10327

Cumm.

• 8201

Cumm.

Nation Building Through Sustainable Power Development

Financial Highlights

Clean Power For Every Home

Financial Highlights : Standalone

Revenue & Expenditure-Analysis

Revenue Vs. Net Profit Vs. Dividend

3000

2500

2000

1500

1000

500

3500

3095.24

22.00%

3213.07

3298.84

2833.56

2625.54

17.00%

17.70%

18.00%

1557.43

1633.04

1363.45

3538

3744

2019-20

2020-21

2021-22

2022-23

2023-24

Revenue (₹ in Crore)

Net Profit (₹ in Crore)

Dividend (%)

Interim Dividend – 11.50% & Final Dividend 6.50%.

25%

20%

15%

10%

Awaiting Clearances

Pipelined Projects

ParticularsNine Months ended31.12.2024(Unaudited)Quarter ended 31.12.2024Nine Months ended31.12.2023(Unaudited)Quarter ended 31.12.2023Year ended 31.03.2024Nine Months ended31.12.2024(Unaudited)Quarter ended 31.12.20241. Incomea) Revenue from Operations2451.26625.022071.91536.552533.5918.31%16.49%b) Other Income228.2174.63239.3183.64299.97-4.64%-10.77% Total Income 2679.47699.652311.22620.192833.5615.93%12.81%2. Expensesa) Electricity purchased for trading56.5818.9727.9710.1339.98102.29%87.27%b) Employees benefit expenses 231.0078.51199.9566.67299.2915.53%17.76%c) Finance Cost505.98204.86368.18145.89453.8437.43%40.42%d) Depreciation , amortization & impairment expenses346.05115.42302.88108.07534.1114.25%6.80%e) Other expenses299.35102.66283.5196.28411.115.59%6.63% Total Expenses1438.96520.421182.49427.041738.3321.69%21.87%3.Profit before exceptional items ,net movement in regulatory deferral account balances and tax (1-2)1240.51179.231128.73193.151095.239.90%-7.21%4.Exceptional Items0.000.0024.9924.99-78.85-100.00%-100.00%5. Profit before net movement in regulatory deferral account balances and tax (3-4)1240.51179.231103.74168.161174.0812.39%6.58%6. Tax expense:a) Current Tax212.5329.91188.6227.98199.5012.67%6.89%b) Tax expense pertaining to earlier years7.260.000.000.002.05c) Deferred Tax63.484.3671.6913.6554.42-11.45%-68.06%7.Profit before regulatory deferral account balances (5-6)957.24144.96843.43126.53918.1113.49%14.57%8.Net movement in regulatory deferral account balances(net of tax) -17.78-5.713.468.81-9.71-613.87%-164.81%9. Profit for the period (7+8)939.46139.25846.89135.34908.4010.93%2.89%10. Other Comprehensive Income/(expense) (net of tax expenses)Items that will not be reclassified subsequently to profit or loss-3.42-1.14-1.47-0.46-4.51132.65%147.83%11. Total Comprehensive Income for the period (after tax ) (9+10)936.04138.11845.42134.88903.8910.72%2.40%FY 2024-25 (₹ in Crore)FY 2023-24 (₹ in Crore)% Change91%9%FY 2024-25a) Revenue from Operationsb) Other Incomea) Electricity purchased for trading4%b) Employees benefit expenses 16%c) Finance Cost35%d) Depreciation , amortization & impairment expenses24%e) Other expenses21%FY 2024-25Statement of Assets & Liabilities

Awaiting Clearances

₹ In CroresASSETS31.12.202431.03.2024Non - current assetsProperty, plant and equipment7698.477980.27Capital work-in-progress3269.072735.55Intangible Assets1.171.51Financial AssetsInvestments8826.187931.45Loans793.37645.69Other financial assets186.09129.50Deferred tax assets (net)366.02429.50Other non-current assets919.26907.24Current assetsInventories88.3681.81Financial assetsTrade receivables266.71165.59Cash and cash equivalents124.60256.79Bank balance other than cash and cash equivalents2231.301764.39Loans102.6395.88Other financial assets1491.351695.63Other current assets88.05132.83Assets held-for-sale0.070.07Regulatory deferral account debit balance762.80784.35TOTAL ASSETS27215.5025738.05EQUITY AND LIABILITIESShareHolder's Fund14710.8814030.28Non- current liabilitiesFinancial liabilitiesBorrowings9793.879036.48Lease liabilities10.7510.52Provisions143.66129.44Other non- current liabilities678.97684.26Current liabilitiesFinancial liabilitiesBorrowings572.78562.11Lease liabilities2.724.65Trade payables43.7264.68Other financial liabilities618.24606.27Other current liabilities40.2146.36Provisions599.70563.00TOTAL EQUITY AND LIABILITIES27215.5025738.05Debtors Position

Awaiting Clearances

Pipelined Projects

TotalMore than 45 daysTotalMore than 45 daysPunjab State Power27.716.6221.4410.15PDD, J&K (Incl. JKPCL)34.9912.7525.7312.59UP Power Corporation37.90-18.33-Govt of HP69.014.4564.3134.36Top Four Debtors (₹ in Cr.)Name 31.12.202431.03.2024As on As on As on As on As on 31.12.202430.09.202430.06.202431.03.202431.12.20231Trade Receivables266.71440.50357.75165.59254.132More than 45 days40.75156.98105.4767.61112.54S. N.ParticularsTotal Debtors (₹ in Cr.)Incentives Position

Pipelined Projects

Sl.ParticularsQ-1Q-2Q-3TotalQ-1Q-2Q-3Total1Secondary Energy--19.1519.15----2PAF Incentives57.7368.8043.42169.9562.8651.2542.24156.353Deviation Charges7.8711.875.9025.645.108.187.5420.82Total65.6080.6768.47214.7467.9659.4349.78177.174PAF % NJHPS Actual 104.94%108.67%100.00%104.54%110.02%105.43%102.78%106.06% Normative RHPS Actual 104.83%107.83%100.00%104.25%110.00%106.54%102.64%106.38% NormativeComparative Incentive (₹ in Cr.)FY24-25FY23-2487.00%90.00%83.00%85.00%P&L

Total Income

EBITDA

EBITDA Margin

PAT

Profit Margin

Key Financials : Nine Months ended 31.12.2024

Amount (₹ in Cr.)

Particulars

Amount (₹ in Cr.)

2679.47

2070.99

77.29%

939.46

35.06%

Share Capital

Net worth

Long Term Debt

Cash & Bank Bal.

Gross Block

CWIP

3929.80

14710.88

9498.53

2355.90

12232.63

3269.07

Dividend Pay Out (FY 23-24)

Rs. 1.80 Per Share/ 78% of Profit

55.51%

1557.43

1800 1600 1400 1200 1000 800 600 400 Pipelined 200 0 Projects 2019-20

864.55

Dividend Pay out

1633.04

52.94%

864.55

977.52

68.34%

1363.45

668.07

695.58

908.40

707.37

51.02%

77.87%

2020-21

2021-22

2022-23

2023-24

Net Profit(₹ in Cr.)

Dividend (₹ in Cr.)

DIV. Payout Ratio

Shareholding pattern as on 31.12.2024

90.00% 80.00% 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00%

Govt. of India

Govt. of HP

Others

Others 18.15%

Govt. of HP 26.85%

Govt. of India 55.00%

SJVN – Key Ratios

**Stock Price : as on 31.12.2024 Rs. 104.41 & as on 31.03.2024 Rs. 121.40.

StandaloneConsolidatedStandaloneConsolidated1PAT (₹ in Cr.)939.46945.74908.40911.442Net-worth (₹ in Cr.)14710.8814765.8114030.2814070.853No. of Equity Shares (₹ in Cr.)392.98392.98392.98392.984EPS (₹)2.392.412.312.325Earning Yield(%)**2.29%2.31%1.90%1.91%6Dividend Per Share (₹)7Dividend Yield(%)**8Book Value per share (₹)37.4337.5735.7035.819PB Ratio**2.792.783.403.3910PE Ratio**43.6943.3252.5552.3311Return On Net worth (%)6.39%6.40%6.47%6.48%12Market Capitalisation (₹ in Cr.)**13Debt Equity Ratio0.711.720.691.451.80ParticularsS. No.41031.0447707.771.48%Nine Months ended 31.12.2024FY 2023-24SJVN Group Data

Nine Months ended 31.12.2024Nine Months ended 31.12.2023For the Year ended 31.03.2024Share of Profit from JV3.06 3.27 4.19 Profit of Subsidiaries7.95 5.02 -0.05 Group Debt25,260.14 17,587.24 20,251.65 Group Net Worth14,765.81 14,464.78 14,070.85 Group Profit945.74 850.36 911.44 Particulars GroupAmount (₹ in Cr.)SGEL (Subsidiary) – Snapshots : FY 24-25

Shareholding Pattern : 100 % subsidiary of SJVN

Installed Capacity : 390 MW (Feb 2025)

Design Energy : 661.84 MUs (Feb 2025)

Generation : 586.53 MU(FY’24-25) 195.08 MUs (FY’23- 24), 50.22 MUs (FY’22-23)

CUF : 22 – 29 %

Revenue from operations : Rs. 120.04 Crs. (FY’24-25) upto 31.12.2024, Rs. 52.46 Crs. (FY’23-24), Rs. 12.53 Crs. (FY’22-23)

PAT : 11.40 Crs. (FY’24-25) upto 31.12.2024, 2.13 Crs. (FY’23-24), Rs (10.56) Crs. (FY’22-23)

PAF Incentive : NA

Secondary Energy : NA

Deviation Charges: NA

Regulated Equity: NA

Physical Performance

2022-23

2023-24

2024-25

Generation (MU)

Financial Performance

2023-24

2024-25

2022-23 -11

Other Income (₹ in Cr.)

PAT (₹ in Cr.)

700 600 500 400 300 200 100 0

100

-20

-40

SGEL– Financial Highlights : FY 24-25 upto 31.12.2024

Particulars

FY’24-25

Nine Month Ended 31.12.2024

Qtr-3

FY’23-24

Qtr-3

Nine Month Ended 31.12.2023

(₹ in Cr.)

16 % Change

Year ended 31.03.2024

Nine Month Ended

Qtr-3

Actual Generation (in MU)

283.72

128.24

81.39

36.33

195.08

248.59%

252.98%

Actual PAF (in %)

Revenue from Operations

120.04

47.11

29.36

8.59

52.46

308.85%

448.43%

Awaiting Total Income Clearances Profit After Tax (PAT)

PAF Based Incentive Pipelined Secondary Energy Projects Deviation Charges.

199.48

82.28

49.93

17.55

78.61

299.51%

368.83%

11.40

9.53

2.92

1.89

2.13

290.41%

404.2%

SJVN – Capacity Addition & Regulated Equity (Hydro)

Progressive Capacity Addition

Buxar TPP: 1320 MW; Bikaner SPP: 1000 MW GUVNL Projects: 560 MW; APDCL Projects: 120 MW & Other Projects: 378 MW

Cap. Add. 25-26/ Cuml. Cap.

3378

5845 MW

Omkareshwar SPP: 90 MW

Cap.Add. 24-25/ Cuml. Cap.

2467 MW

90 MW

Installed Capacity 23-24

2377 MW

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

Highest generation (10315 till 05.03.25) has been achieved by SJVN in FY (2024-25) more than 10000 MU for the first time.

SJVN– CAPEX

F.Y

Amount (Rs. In Crore)

2017-18

2018-19

2019-20

2020-21

2021-22

2022-23

2023-24

2024-25 (as on 28.02.25)

407

863

1250

2584

4675

9035

7371

5171

SJVN – Major Highlights during the period

❖ Raghanesda SPS (100 MW): COD declared on 03.04.2024.

❖ Solar Power Projects in Assam: Contract agreement for 70 MW Solar Project signed with M/s Rays Power Infra Pvt. Ltd. on 03.04.2024 and Contract Agreement for 50 MW Solar Project signed with M/s Solar World Energy Solution Pvt. Ltd. on 08.04.2024.

❖ Letter of Intent for 200 MW Phase-XXIII Solar Power Project in Gujarat received from GUVNL on 15.03.2024.

❖ MoU signed with IIT, Patna on 02.04.2024 to develop cutting edge methodologies to integrate diverse geotechnical data sources with an aim to pioneer advanced geological models, significantly reducing time and cost overrun in SJVN’s tunneling projects.

❖ SJVN conferred with ‘Achievement award for creating Social Development & Impact’ and ‘CIDC Partners in

Progress Trophy’ during 15th CIDC Vishwakarma Awards, 2024 held on 04.04.2024.

❖ Buxar TPP: 400 kV Buxar-Naubatpur line for Start-up Power charged on 11.05.2024.

❖ MoU signed with THDC on 26.04.2024 for development of High-performance Water Sports Academy in Tehri,

Uttarakhand.

❖ Letter of intent (Lol) for allotment of Darzo Lui Pumped Storage Project to SJVN issued by Govt. of Mizoram on

25.07.2024.

❖ Buxar TPP: Auxiliary Boiler Light Up successfully completed on 26.07.2024.

SJVN – Major Highlights during the period

❖ Arun-3 HEP: Hon’ble Prime Minister of Nepal triggered the last blast to mark the completion of heading

excavation of HRT on 04.06.2024.

❖ Investment approval of Rs. 5792.36 crores (Cost to Completion) at levelized tariff of Rs. 4.99/ Unit for Lower

Arun HEP accorded by CCEA on 02.08.2024.

❖ MoU signed with AM Green Ammonia (India) Private Limited on 26.06.2024 for supply/sourcing of Renewable

Energy on long term basis for Green Ammonia Plants.

❖ SGEL conferred with ‘Best Large-Scale Solar Project Commissioned category’ for 75 MW Gurhah SPP and ‘Deal of the Year (Financial) Award’ for securing Rs 100 billion construction finance facility during 4th Annual Mercom India Awards held on 26.07.2024.

❖ SJVN won the prestigious ‘Pollution Control, Waste Management, and Recycling Excellence Award' during

PCWR Summit & Awards 2024 organized by Greentech Foundation at Guwahati, Assam on 27.07.2024.

❖ RHPS achieved Highest Ever Single Day Generation of 11.023 MU on 27.07.2024.

❖ SJVN honored with 'Gold Award' at 16th Exceed CSR Awards, 2024 held on 03.08.2024 for outstanding

achievements in Corporate Social Responsibility in Power (inclusive of Renewables) Sector category.

❖ “Navratna” status granted by GoI on 30.08.2024.

❖ Omkareshwar Floating SPS (90 MW): COD declared on 07.10.2024.

❖ Buxar TPP (1320 MW): Boiler Light up of Unit-1 successfully done on 02.10.2024..

SJVN – Major Highlights during the period

❖ MoUs signed with Government of Maharashtra on 26.09.2024 to develop 8,100 MW PSPs & 505 MW Floating

Solar Project.

❖ SJVN adjudged as 1st Runner-up in ‘SHRM Award for Excellence in Managing Workforce’ and secured 2nd in PSE category during 13th

Runner-up position in ‘SHRM Award for Excellence in Benefits and Well-being’ SHRM India Annual Conference, 2024 held on 18.10.2024.

❖ NJHPS achieved Highest Ever Single Day Generation of 39.572 MU on 13.08.2024.

❖ MoU signed with Energy Department, Government of Rajasthan on 20.11.2024 for development of

Renewable energy in the State of Rajasthan.

❖ MOU for development of Hathiadah Durgawati PSP (1600 MW) signed with Govt. of Bihar on 31.12.2024.

❖ EPC contract for execution of 100 MW Solar Power Project at Nawa, Rajasthan awarded to M/s Bridge and

Roof Co. (India) Ltd. on 21.01.2025.

❖ Nathpa Jhakri HPS achieved MoU target of 7000 MU on 26.01.2025.

❖ Rampur HPS achieved MoU target of 1980 MU on 10.02.2025.

❖ Buxar TPP (1320 MW): Steam blowing for Unit-1 done on 12.02.2025.

SJVN Projects At A Glance

SJVN-Energising India

SJVN: Projects Under Construction

SJVN Standalone

Project

Installed Capacity (MW)

Design Energy (MU)

Type of the project

CCEA Estimated Cost (Rs. Crore) (Price Level)

Anticipated Project Cost (Rs. Crore)

Expected Commissioning Schedule

Provisional Project Expenditure till –Feb’25 (Rs. Crore)

Luhri HEP Stage-1, HP (80 x 2 +2 x 25 MW)

210

758

Run of River with small pondage

1810.56 (May’20)

3060.71

1675.51

FY 28-29 (Q-3)

Dhaulasidh HEP, HP (33 x 2 MW)

304

Sunni Dam HEP, HP (382 MW)

382

1382

Run of River with small pondage

687.97 (May’20)

2615 (March’21)

1426.00

807.53

FY 27-28 (Q-4)

3605.30

891.04

FY 28-29 (Q-3)

Total (A)

658

2444

5113.53

8092

3374.08

SJVN: Projects Under Construction

Subsidiary- SAPDC

Project

Installed Capacity (MW)

Design Energy (MU)

Type of the project

Arun- III HEP, Nepal (4 x 225 MW)

900

3924

Run of River with small pondage

CCEA Estimated Cost (Rs. Crore) (Price Level)

5723.72 (May’15)

Anticipated Project Cost (Rs. Crore)

Expected Commissioning Schedule

Provisional Project Expenditure till –Feb’25 (Rs. Crore)

7308.47

4833.24

FY 27-28 (Q-3)

Total (B)

900

3924

5723.72

7308.47

4833.24

Subsidiary- STPL

Project

Buxar Thermal PP, Bihar (660 x 2 MW) Total (c)

Installed Capacity (MW)

Design Energy (MU)

Type of the project

1320

4119

Super Critical

CCEA Estimated Cost (Rs. Crore) (Price Level)

10439.09 (Jan’18)

Anticipated Project Cost (Rs. Crore)

Provisional Project Expenditure till –Feb’25 (Rs. Crore)

Expected Commissioning Schedule

12999.36

11068.57

Unit-1: FY 25-26 (Q-1) Unit-1: FY 25-26 (Q-2)

1320

4119

10439.09

12999.36

11068.57

SJVN: Projects Under Construction Subsidiary- SGEL

Project

Installed Capacity (MW)

Design Energy (MU)

Approved Cost (Rs. Crore)

Tariff

Project Expenditure till – Feb’25 (Rs. Crore)

Expected Commissioning Schedule

Status of PPA

Bagodara SPP (Gujarat)

176.72

339.35

2.21

315.95

Dec-25

PPA Signed with GUVNL on 23.04.2021

Bikaner SPP, Rajasthan

1000

2456.23

5491.894

2.57

3285.47

250MW: 31.03.2025 Full Capacity: 30.09.2025

PUA Signed with: 1. UPCL- 200MW on 04.01.2024 2. JKPCL- 300MW on 23.02.2024 3. RUVITL- 500MW on 10.03.2024

PSPCL SPP, Punjab

Floating SPP at Nangal Dam (BBMB)

BBMB Ground Mounted SPP

GUVNL Phase-XIII SPP, Gujarat (Bhuj) GUVNL Phase-XIV SPP, Gujarat (Bhuj) GUVNL Phase- XVII Khavda SPP, Gujarat

Jamui SPP in Bihar BREDA

Dhubri SPP (Solar project in Assam from APDCL) Sonitpur SPP (Solar project in Assam from APDCL) RUVITL SPP, Rajasthan

Total (D)

Total (A+B+C+D)

100

260

200

227.92

535.332

32.87

39.45

97.65

79.774

245.45

401.161

656.40

1000 (estimated)

2.65

3.26

2.63

2.29

424.20

March-26

PPA Signed with PSPCL on 23.06.2022

84.33

0.44

Work on hold

PPA Signed with BBMB on 23.12.2022

Dec-25

PPA Signed with BBMB on 08.09.2023

312.50

March-26

PPA Signed with GUVNL on 07.05.2022

2.3031

144.60

March-26

PPA Signed with GUVNL on 17.08.2022

504.92

866.812

2.88

262.27

March-26

PPA Signed with GUVNL on 07.08.2023

157.79

330 (estimated)

3.11

255.25

June-25

141.13

367.344

3.92

109.73

Sep-25

PPA Signed with APDCL on 07.02.2024

100.81

332.71

3.92

179.70

Dec-25

PPA Signed with APDCL on 07.02.2024

415 (estimated)

100

2058

5836

254.21

4993.9

19,404.9

2.62

0.57

Dec-25

PPA Signed with RUVITL on 10.03.2024

5375.01

24650.90

Projects under Pipeline

Clean Power For EVERY HOME

SJVN: Projects under Pre-Construction

A. Standalone

S.No

Name of Project

Capacity (MW)

Estimated Capital Cost (in Crs.)

Expected Commissioning Schedule

Tentative Tariff (Rs./unit)

Status of PPA

Jakhol Sankri HEP (Uttarakhand)

438.39 (Without Transmission line) Mar-2022

FY 2030-31

6.05 (Levelized Tariff)

PPAs are yet signed.

to be

Etalin HEP (Arunachal Pradesh)

Attunli HEP (Arunachal Pradesh)

Total-A

3097

680

3821

35,886.06

FY 2033-34

8454.63

FY 2032-33

4.32

5.46

SJVN: Projects under Pre-Construction

B. Subsidiary- SLPDC

S.No

Name of Project

Capacity (MW)

Estimated Capital Cost

Expected Commissioning Schedule

Tentative Tariff (Rs./unit)

Status of PPA

Lower Arun HEP (Nepal)

669

5792.36

2029-30

4.99

PPAs are yet to be signed.

Total- B

669

5792.36

SJVN: Projects under Pre-Construction B. Subsidiary- SGEL

Capacity (MW)

Estimated Capital Cost (in Crs.)

Expected Commissioning Schedule

Tentative Tariff (Rs./unit)

Status of PPA

S.No.

Name of Project

Banka Solar PP in Bihar BREDA

Jamui Phase-II SPP, Bihar

Solar Power Project in Maharashrta- Phase-VII

Solar Power Project in Maharashrta- Phase-IX

Bidding Trajectory

FY2020-21

FY2022-23

5. GUVNL Phase-V Wind PP, Gujarat

FY2023-24

6. Wind Power project from SECI

7. Wind Power project from SECI (Tranche

XIV)

LoI from PSPCL (in Punjab)

FY2022-23

FY2023-24

FY2022-23

10. Solar project in Assam from APDCL

FY2022-23

11. GUVNL Phase-XXII SPP, Gujarat

12. GUVNL Phase-XXI SPP, Khavda Solar

Park, Gujarat

13. GUVNL Phase-XXIII, Khavda Solar Park,

Gujarat

14. Solar Projects in Maharashtra under

Mukhya Mantri Saur Krushi Vahini Yojana 2.0 Total- C

FY2023-24

200

100

200

500

200

LoI from PSPCL (Anywhere in India)

FY2022-23

1000

FY2023-24

1352

4577

24025

375

250

1000

850

1700

1000

5000

1000

2500

1000

6500

Dec-26

March-27

March-26

Sep-26

March-26

March-27

March-26

April-26

Sep-25

3.11

2.90

3.17

2.90

3.24

2.75

2.53

3.90

2.63

2.54

2.66

3.10

PPA Signed with MSEDCL on 04.07.2023

PPA Signed with MSEDCL on 01.08.2023

PPA Signed with GUVNL on 08.02.2024

PPA Signed with SECI on 17.07.2023

PPA Signed with SECI on 27.10.2023

PPA Signed with PSPCL on 14.08.2023

PPA Signed with APDCL on 07.02.2024

PPA Signed with GUVNL on 09.04.2024

PPA Signed with GUVNL on 09.07.2024

PPA Signed with GUVNL on 09.04.2024

PPA Signed with MSEDCL on 10.06.2024

SJVN: Projects under Survey and Investigation Standalone

Installed Capacity (MW)

Design Energy (MUs)

Cost

(In Crore) & PL

Status

S. N.

Projects

1 Devsari HEP

(Uttarakhand)

Luhri Stage-II HEP (HP)

Purthi HEP (HP)

Bardang HEP (HP)

Reoli Dugli HEP (HP)

3 4 5

Sach Khas HEP (HP)

Tandi Rashil HEP (HP)

6 7 8 Tindi SHEP 9 Chhoo SHEP 10 Emini HEP (Arunachal

Pradesh) 11 Amulin HEP

(Arunachal Pradesh)

12 Mihumdon HEP

(Arunachal Pradesh)

194

(572.68+51.55) =624.23

1702.27 Mar,2022

228

234

166

456

287

268

4.4

3.5

500

420

400

847.91

2719.99 April,2022

825.59

637.73

1572.91

1016.47

901.52

18.22

1695.45

1716.40

1451.75

3151.15

2953.83

6461.55

3715.45

5490.62

• All S&I activities/works which are required for revision of DPR are on hold in compliance of Ministry of Power letter dated 06.07.2021. Committee formed by Hon’ble Supreme Court has recommended the project for implementation on 08.11.2024.

• A tandem scheme with upstream Luhri HEP Stage-1 has been identified and a

preliminary layout of the scheme submitted to CWC on 21.06.2022.

• Observation raised by CWC on change in allotted domain of the project has been taken up with DoE, GoHP time and again. Due to delay in domain allotment by GoHP, proposal for S&I and DPR preparation returned by CEA on 11.09.2023.

• Preparation and submission of pre-DPR chapters to CEA/CWC was in progress, however, due to slow progress in S&I works, CEA has delisted the Projects from the list of S&I projects. Further, due to change of Hydro Power Policy of GoHP, all projects in Chenab Basin have become commercially unviable.

• DPR of Tindi SHEP has been prepared and submitted to DoE, GoHP is under

examination.

• PFR preparation: To ascertain the commercial viability, WAPCOS Ltd. has been hired for preparation of PFRs of all three projects on 27.06.2024. PFR preparation is in progress.

• Process of EC and FC-1 shall be initiated after completion of Feasibility Reports

and finalization of Project layouts.

SJVN: Solar Projects under Survey and Investigation Subsidiary/ JV Mode

S.No

Projects

Installed Capacity (MW)

Design Energy (MUs)

Cost (In Cr.) & PL

Status

630

2799.75

5629.17 June 2022

Arun-4 HEP, Nepal

Upper Karnali HEP (Nepal)

900

3994

5754.18 April 2024

• MoU signed with GoN on 16.05.2022. • Investment approval for pre-construction activities amounting to Rs 41.36 Cr accorded by MoP on 30.12.2022. • First Consultation meeting held on 04.07.2023. CEA has returned the DPR proposal on 13.02.2025. DPR works shall be resumed after finalization of Weir location in consultation with DoED and NEA. Meeting held with UAHEL on 18.02.2025 & 25.02.2025 regarding finalization of wier location.

• Negotiation meeting regarding draft JV Agreement held with NEA at Kathmandu on 01.01.2024 to 05.01.2024.

• The proposal of SJVN and IREDA for joining SPVs was approved by Ministry of Power, GOI, vide its letter dated

23.08.2024.

• GUKHL - (The Generation Company – shareholding shall be 34: 34: 5: 27 between SJVN: GMR: IREDA: NEA (Free Equity) • KTCPL (The Transmission Company – shareholding shall be 47.5: 47.5: 5 between SJVN: GMR: IREDA. • MoU between SJVN, GMR and IREDA was signed on 9th of September, 2024 for development of Upper Karnali Hydro

Electric Project in Nepal (900MW).

• The proposal regarding Induction of SJVN & IREDA in SPVs was submitted by GMR to GON- IBN-(Investment Board of

Nepal) on 09.09.2024 for its approval

• The updated DPR of the Project was submitted to CEA on 15.09.2024 for appraisal and approval. DPR is likely to be

approved by CEA by end of January,2025

• Investment Board of Nepal headed by Hon’ble Prime Minister of Nepal has accorded its approval for induction of SJVN

and IREDA as an equity partner in JVs on 01.12.2024

• The deadline for “Financial Closure” given by IBN is 16th January, 2025. • SJVN & GMR is in talks with various Financial Institutions – REC, PFC, EXIM, HUDCO, IREDA & SBI for around INR 4000-4500

Cr. Financing which is under examination by them.

• The Nepali banks have in-principally sanctioned NPR 4200 Cr. (INR 2625 Cr.). Further, M/s IREDA has given an intent letter The total project cost to completion is 9145 crores (debt: equity: 70:30). The

to fund debt of INR 4500 Crores. compliance intimation regarding financial closure is submitted to IBN on 15.01.2025 by GMR.

• The proposal of IREDA for joining SPVs was approved by MNRE, GOI, on 15.01.2025 and DIPAM on 16.01.2025 • The draft Revised Joint Venture Agreement (JVA) / Share Holder Agreement was initialised by SJVN, GMR, IREDA on

15.01.2025 and copy submitted to IBN by M/s GMR.

• Further, a meeting was chaired by Chairman CEA for final appraisal of DPR on 23.01.2025, wherein it was directed to

immediately start take addnl. investigation as suggested by GSI and finalize desilting arrangement with CWC.

SJVN: Solar Projects under Survey and Investigation Subsidiary/ JV Mode

S.No

Projects

Installed Capacity (MW)

Design Energy (MUs)

Cost (In Cr.) & PL

Status

Buxar Thermal PP (Bihar)- 3rd Unit

800

5956.80 MU

Rs 8,322.07 Cr. @ Oct, 2024 PL

• DPR submitted to CEA on 19.10.2024. • 250 acre land required has been identified, details submitted to Distt. Adm. for verification. • During meeting dt. 11.02.2025 at New Delhi, Standing Linkage Committee (LT) recommended for coal linkage to

BTPP, Unit #3 Revised capacity (1x800 MW) from Coal India Limited. MOM received.

• Request for tie up of 2032 cum./ hr. Raw water (as per DPR) submitted to Water Resources Department (WRD),

GoB on 29.10.2024.

• EIA/ EMP study for Env. Clearance as per amended ToR (by MoEF&CC) in progress. • Draft Tender documents for EPC Package submitted on 18.02.2025,

the same is under assessment and

evaluation.

• Request letters for PPA has been sent to BSPCL, Bihar, WBSEDCL, West Bengal, JBVNL, Jharkhand and GRIDCO,

Odisha.

Darzo Lui PSP, Mizoram

2400

Kolmondapada PSP, Maharashtra

Sidgarh PSP, Maharashtra

Chornai PSP, Maharashtra

Baitarni PSP, Maharashtra

800

1500

2000

1800

4993.20 MU

INR 13947.50 Crore @ April 2023 PL

PFR yet to be prepared

• A meeting has been held between CMD, SJVN, & Technical team & Honorable Power Minister & Power secretary of Govt of Mizoram & technical team on 22.08.2024 at Aizawl. Therefore PPT & deliberation for Development of Darzo Lui (2400 MW) PSP was presented, further it was directed that SJVN shall prepared D.P.R to certain the commercial viability

• Draft MoA was submitted on dated 09.09.2024. Finalization of MOA is under process with different departments of

Govt of Mizoram.

• SJVN vide letter dated 21.10.2024 and 18.11.2024 requested Govt. of Mizoram to intimate the further course of

action for signing of MoA iro Darzo Lui PSP.

• A follow up meeting was held on 27.11.2024 and 28.11.2024 with Minister of State (P&E), Secretary Power (P&E), Deputy Secretary (P&E), Under Secretary (Law and Justice) of Government of Mizoram. Finalization of MOA is under process with different departments of Govt of Mizoram

• Reply from Govt of Mizoram awaited.

• SJVN has requested on dated 23.10.2024 to WRD, Govt of Maharashtra to intimate tentative dates and contact

details of Nodal officer for further discussion in order to coordinate for site visit of SJVN technical committee.

• Details of nodal officials is still awaited.

SJVN: Solar Projects under Survey and Investigation Subsidiary/ JV Mode

S.No

Projects

Installed Capacity (MW)

Design Energy (MUs)

Cost (In Cr.) & PL

Status

Jalvara PSP, Maharashtra

2220

4618.71 MU

INR 6651.76 Cr @ Nov, 2022 PL

• SJVN has approached Govt. of Karnataka vide letter dated 03.01.2024,11.03.2024 and 07.05.2024 (and Govt. of Maharashtra vide letter dated 03.01.2024, 07.05.2024 and 10.05.2024 for allotment of this project.

• MoU signed with Water Resource • Department, Govt of Maharashtra and SJVN on dated 26.09.2024. • A committee has been constituted for deliberation with Govt of Karnataka for allotment of Jalvara PSP in state of Karnataka and to explore the possibility of JV for development of Jalvara PSP in coordination with Govt. of Karnataka and Maharashtra.

• Managing Director, Karnataka Renewable Energy Ltd. (KREDL) vide letter no. KREDL/SH- PSHP/06/2024/2377 dated 14/08/2024 informed that, Energy Department Govt of Karnataka has exempted payment of application and processing fee to KREDL towards allotment of 2220 MW capacity Jalvara Pump Storage Project (PSP) subject to the acceptance of their conditions.

• SJVN vide letter dated 24.01.2025 requested KREDL to consider the counter proposals of

SJVN and requested Karnataka to sign MoU in line with Government of Maharashtra.

Hathidah Durgawati PSP

1000

2308.62 MU

• Draft MoU was submitted for legal vetting on 17.12.2024. • MoU was signed between SJVN and Department of Industries, Govt of Bihar on dated

19.12.2024.

INR 5663.25 Cr. @ Feb 2024 PL

• Requested Secretary (energy Deptt) GoB to inform further course of action for

development of PSP

• On 11.02.2025 vide mail final MoM received from Chief Engineer BSPGCL. • video conference (VC) meeting held on 13.02.2025 for deliberations on DPR preparation, permission from the Wildlife Wing (GoB) for the invasive survey, and signing of the JV MoU. SJVN requested Govt of Bihar to grant permission for invasive survey from Wildlife department (GoB)

• Permission from Wildlife deptt.(GoB) still awaited.

New Initiatives

❑Pumped Storage Schemes

Green Power, Clean Power

New Initiatives

Pump Storage Project Scheme

(1) Maharashtra

S.No

Name/Place of PSP

Installed Capacity (MW)

Present Status

Jalvara PSP

Chornai

Kolmondapada

Sidgarh

Baitarni

Total

2220

2000

800

1500

1800

8320

➢ MOU has been signed on 26.09.2023 between SJVN and the Department of Water Resource, Govt of Maharashtra(GoM) for the establishment of Jalvara (2220 MW) , Chornai (2000 MW) , Kolmondapad (800 MW) , Sidgarh (1500 MW) & Baitarni (1800 MW) Pumped Storage Projects.

➢ PFR of Jalvara PSP has been prepared and submitted to Govt. of Maharashtra & CEA.

➢ SJVN has taken up the process of Water allocation permission and same shall be obtained

from GoM shorlty.

➢ Readiness for DPR preparation of Jalvara PSP is under process. However, the tendering process shall be started after the signing of the MoU with Government of Karnataka & SJVN Ltd., Government of Maharashtra & Government of triparty MOU between Karnataka.

➢ Other than Jalvara PSP, 4 PSPs area falls under the different wild life sanctuary & its ESZ and

hence it appears not to be feasible. However, further optimization is required.

New Initiatives

Pump Storage Project Scheme

(2) Bihar (under JV mode with BSGPCL)

S.No

Name/Place of PSP

Installed Capacity (MW)

Present Status

Hatiadah Durgawati PSP

1000

➢ SJVN was declared Nodal agency for PSP in Bihar by the Ministry of Power,

GoI in August 2022.

➢ Hatiadah Durgawati PSP(1600 MW), Telharkund PSP(400 MW), Sinafadar PSP(345 MW), Panchgotia PSP(225 MW) SJVN were allotted by GoB for studies. Based on the inception report prepared by M/s WAPCOS Ltd. It is found that Hatiadah Durgawati PSP with reduced capacity of 1000 MW is most suitable PSP. Final Draft FSR of Hatiadah Durgawati PSP was submitted to GOB on 13.05.2024.

➢ SJVN has signed an MOU on 19th December 2024 with the Ministry of Industries (Govt. of Bihar ) for the development of the Hatiadah Durgawati PSP in Bihar.

➢ Process

for

Invasive survey permission is underway. After obtaining

permission, DPR preparation for Hatiadah PSP shall be taken up.

➢ Hathdiah PSP is proposed to be developed in JV with BSGCL . Formalities for

JV formation is under discussion.

Total

1000

New Initiatives Pump Storage Project Scheme

(3) Chhattisgarh Name/Place of PSP

S.No

Kotpali

Total

(4) Mizoram Darzo-Lui

Total

(5) Himachal Pradesh

Dhaulasidh

Dhurmu

Sunni

Total

Installed Capacity (MW)

Present Status

1800

➢ MoU for development of Kotpali PSP signed on 10.03.2025 with the Govt. of

Chhattisgarh.

➢ Kotpali PSP (1800MW) shall be developed as JV mode with SJVN and CSGPCL.

➢ Project was indicated by Ministry of Power, GoI in August,2022. ➢ PFR prepared and submitted to Govt of Mizoram & CEA in June 2023. ➢ Signing of MoU process in underway. After MoU , DPR preparation shall be taken up.

➢ Project was indicated by Ministry of Power , GoI in August ,2022. ➢ PFR prepared by M/s Tractebel Engineering Pvt. Ltd in December ,2022

➢ Project was indicated by Ministry of Power , GoI in August ,2022 ➢ PFR prepared by M/s Tractebel Engineering Pvt. Ltd in October , 2023

1800

2400

180 MW

400 MW

645 MW

1225

SJVN: Standalone Projects in Operation Hydro

S. No

Project

Year of comm.

Capital Cost as on 31.12.24

Tariff (Rs. /Kwh)

Type of the project

Installed Capacity (MW)

1500

Design Energy (MU)

6612.00

Nathpa Jhakri HPS (HP)

2004 (May)

9029.34

Rampur HPS (HP)

Naitwar Mori HPS (Uk)

412

1878.00

2014 (Dec)

4302.97

265.50

2023 (Dec)

1271.52

Total-A

1972

8755.5

14603.83

2.41

4.16

6.00

Run of River (ROR) with small pondage

Renewable Energy (Solar/ Wind)

S. No

Project

Khirvire Wind PS (Maharashtra) Sadla Wind PP (Gujarat)

Charanka Solar PV PP (Gujarat)

Installed Capacity (MW)

Design Energy (MU)

Year of comm.

Capital Cost as on 31.12.24

Tariff (Rs. /Kwh)

Type of the project

47.6

5.6

85.70

2014 (March)

274.06

120.00

2019 (March)

332.58

7.70

2017 (March)

31.83

5.80

2.46

3.43

Wind

Ground Mounted Solar

Total-B

103.2

213.4

Sub Total Standalone(A+B)

2075.2

8968.9

638.47

15242.3

SJVN: Subsidiary Projects in Operation

Renewable Energy (Solar/ Wind)

S.No

Project

Installed Capacity (MW)

Design Energy (MU)

Year of Comm.

Capital Cost as on 31.12.2024

Tariff (Rs./unit)

Type of the project

Parasan Solar PP (UP)

2 Gurhah Solar PP, UP

3 Gujrai Solar PP, UP

Raghanesda Solar PP (Gujarat)

5 Omkeshwar Floating SPP, M.P (Unit-F)

168.00

160.00

106.00

100

252.00

2022

2023

2024

197

2024

423.54

480.27

256.05

556.81

612.77

Total

390

883

2329.44

2.68

2.98

2.64

3.26

Grand Total (Standalone+ Subsidiary)

2465.2

9851.9

17571.74

Ground Mounted Solar

Floating Solar

SJVN-Energising India

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