SJVN Limited announced that it has successfully obtained a construction finance facility of Rs 100 billion from a consortium of prominent domestic and international lenders to support its upcoming renewable power projects.
SJVN Green Energy Limited (SGEL) collaborated with SBI Capital Markets Limited (SBI CAPS) for this endeavor. On behalf of SGEL, SBI CAPS served as the only advisor and transaction arranger. The proposals of five banks (Deutsche Bank, State Bank of India, Punjab National Bank, Bank of India, and MUFG Bank) were approved following thorough discussions and deliberations. This revolving credit facility permits SJVN to access funds continuously based on the ongoing construction needs of its projects. This arrangement will empower SJVN to accelerate the progress of its renewable energy projects currently under construction.
In November 2023, SJVN Limited announced the commencement of power supply to the national power grid from its 60 MW Naitwar Mori hydroelectric project first unit of 30 MW. This run-of-the-river project, with two 30 MW producing units each, is situated in the Uttarkashi district of Uttrakhand.
In the same month, the Central Electricity Authority approved SJVN Limited’s detailed project reports for two HEPs worth around Rs 400 billion in Arunachal Pradesh.
