SJVN Ltd signs MoA for implementing five hydro projects in Arunachal Pradesh

A Memorandum of Agreement (MoA) was signed between SJVN Ltd and Government of Arunachal Pradesh for executing five hydro power projects of 5097 MW. The MoA was signed in the august presence of Hon'ble Union Power Minister Sh. R.K Singh and Hon'ble Chief Minister of Arunachal Pradesh Sh. Pema Khandu. Five projects are 3097 MW Etalin, 680 MW Attunli, 500 MW Emini, 420 MW Amulin and 400 MW Mihumdon. Further, 3097 MW Etalin HEP is the largest hydro project under development in India.

The construction of these projects shall involve total investment of around Rs 50,000 crores and would add over 20,652 million units of electricity generation annually to the nation's capacity.

The Detailed Project Reports of Etalin & Attunli projects have already been cleared by CEA. However, the revalidation of the DPRs from CEA shall commence immediately with signing of the MoA. For Emini, Amulin and Mihumdon projects, the Pre-Feasibility Reports have been prepared and with this historic MoA signing the Survey & Investigation works for DPR preparation will commence shortly.

The projects on completion would usher in an era of overall socio-economic development in the state of Arunachal Pradesh by strengthening infrastructure such as roads & bridges, community assets, health care services, women empowerment, skill development & education, generating multiple avenues of employment, sustainable development etc along with added benefits to Project Associated Families.

Shares of SJVN Limited was last trading in BSE at Rs. 54.46 as compared to the previous close of Rs. 54.53. The total number of shares traded during the day was 1589455 in over 3761 trades.

The stock hit an intraday high of Rs. 56.75 and intraday low of 53.51. The net turnover during the day was Rs. 87787882.00.

Source : Equity Bulls

Keywords

SJVN INE002L01015 ElectricUtilities MoA HydroPowerProjects 5097MW ArunachalPradesh