SJVN incorporated on May 24, 1988 under the Indian Companies Act, 1956, as amended (the Companies Act) as a private limited company under the name of Nathpa Jhakri Power Corporation Private Limited with the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh.
The company is into hydroelectric power generation originally established as a joint venture between the government and the state government of Himachal Pradesh to develop and operate the Nathpa Jhakri Hydro Power Station (NJHPS). Based on the information published by the CEA, the NJHPS is currently the largest operation providing hydroelectric power generation facility in India based on installed capacity, with an aggregate generation capacity of 1,500 MW and is located on the Sutlej River in the state of Himachal Pradesh.
The NJHPS is currently the only hydroelectric power project in operation. Through the construction and operation of the NJHPS, the company has gained experience in the design, development, construction and operation of hydroelectric projects, and the execution and management of all aspects of such projects from the initial stages of concept to commissioning, operation and maintenance of such projects.
The company is currently constructing the Rampur Project, which is expected to be a 412 MW hydroelectric power generation facility located downstream from the NJHPS. The Rampur Project is currently projected to be completed and commissioned in 2013. Also, it has been awarded the rights to develop and operate two hydroelectric projects with an expected aggregate generation capacity of 825 MW by the state government of Himachal Pradesh (in each of which the company is expected to have a 51% participation interest).
SJVN has also entered into memoranda of understanding with the state government of Uttarakhand for three hydroelectric projects with an expected aggregate generation capacity of 363 MW. It has further agreed to participate in a joint venture with NHPC Limited and the state government of Manipur for the development and operation of a 1,500 MW hydroelectric power project to be located in Manipur.
It has also diversified the operations to target hydroelectric power projects available outside India, and has been awarded the rights to construct and operate on a build, own, operate and transfer (BOOT) basis, a 900 MW hydroelectric power project to be located in the Sankhuwasabha district of Nepal, through participating in a competitive tender held by the Nepalese government. Through these projects, it expects to increase its total installed power generation capacity by approximately 3,588 MW.