UJVN Plans to Double Power Generation in Uttarakhand by 2031

By By Rediff Money Desk, Dehradun
Sep 24, 2024 19:22
Uttarakhand Jal Vidyut Nigam Ltd (UJVN) aims to double power generation in the state by 2031, with a focus on renewable energy and new projects. The company is also working on innovative projects like hydrokinetic turbines and a green hydrogen plant.
Dehradun, Sep 24 (PTI) Uttarakhand Jal Vidyut Nigam Ltd has prepared an action plan to double power generation in the state in the next eight years.

Under the action plan prepared on the instructions of Chief Minister Pushkar Singh Dhami, UJVN aims to increase power generation from 1,440 mw at present to more than 3,000 mw by the year 2031–32, UJVN Ltd Managing Director Sandeep Singhal said here on Tuesday.

A target has also been set to increase revenue generation from power to Rs 3,000 crore by 2031–32 from Rs 964 crore at present, he added.

State-owned UJVN has completed five projects of 148.5 MW capacity in the last four and a half years, which include 120 MW Vyasi Hydroelectric Project in Dehradun, 5 MW Suringarh Hydroelectric Project in Pithoragarh, 4 MW Kalganga I and 4.5 MW Kaliganga II in Rudraprayag and 15 MW Madhyamaheshwar Hydroelectric Project, Singhal said.

Apart from working expeditiously on its projects to increase power generation in the state in the coming years, approval has been taken from the state Cabinet to give various types of concessions to the power generation companies of the central government and private developers so that their cost can be reduced, the UJVN MD said.

Besides, UJVN has formed a joint venture with THDC. The JV has been allotted five projects.

He also informed that under innovation in power generation, work is being done on the development of hydrokinetic turbines in existing canals in collaboration with IIT Roorkee.

Apart from this, there is also a plan to set up a green hydrogen plant of one-megawatt capacity in Haridwar, he said.

An MoU will soon be signed with Iceland to produce thermal energy.

He said that a request has been made to the central government to reimburse UJVNL's expenditure on Bhairon Ghati and Pala Maneri hydroelectric projects, which were closed due to environmental reasons.

Till the closure of the projects, Rs 25 crore had been spent on the Bhairon Ghati hydroelectric project and Rs 125 crore on the Pala Maneri hydroelectric project, he noted.

Singal said that a letter has been sent to the Union Power Ministry in this regard.
Source: PTI
Read More On:
renewable energypower generationuttarakhandhydroelectric projectsujvn
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Farm-to-Fork Price Gap: Govt to Set Up Committee

India's Agriculture Minister announces committee to address the vast price difference...

Rabi Crop Output Target: India Aims for Record...

India aims for record foodgrain production in the 2024-25 rabi season despite...

HDFC Bank to Sell Shares in HDB Financial...

HDFC Bank approves the sale of Rs 12,500 crore worth of shares in its subsidiary HDB...

Dalmia Bharat Q2 Profit Down 60.2% to Rs 49 cr

Dalmia Bharat's net profit declined by 60.16% to Rs 49 crore in Q2 FY25 due to falling...

Punjab & Sind Bank Q2 Profit Surges 26% to Rs...

Punjab & Sind Bank's net profit jumped 26% to Rs 240 crore in Q2 FY25, driven by a...

uBreathe Raises Rs 24 Cr for Air Purifier Growth

Biotech startup uBreathe aims to raise Rs 24 crore to expand its air purifier product...

Vedanta to Invest Rs 1 Lakh Cr in Rajasthan:...

Vedanta plans to invest over Rs 1 lakh crore in Rajasthan across zinc, oil & gas, and...

UCO Bank to Raise Rs 2,000 Cr via QIP in Q3 |...

UCO Bank plans to raise Rs 2,000 crore through a qualified institutional placement...

UCO Bank Profit Jumps 50% to Rs 603 Cr in Q2

UCO Bank reported a 50% surge in net profit to Rs 603 crore in Q2 FY25, driven by...

UCO Bank Q2 Net Profit Jumps 50% to Rs 603 Crore

UCO Bank's net profit surged by 50% to Rs 603 crore in the second quarter, driven by...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com