Rithwik Projects to construct Sunni Dam Hydro Project of SJVN
27 Mar 2023
2 Min Read
CW Team
At Rs 10.98 billion, Rithwik Projects will construct the 382 MW Sunni Dam hydropower project for the government-run SJVN Ltd. According to an SJVN statement, the company signed the Contract Agreement for the engineering, procurement, and construction of the civil and hydro-mechanical works of the 382 MW Sunni Dam Hydro Power Project.
The letter of award for the civil and hydro mechanical works was released on January 14, 2023, according to Sharma's briefing. Following the fulfilment of all prerequisites, the contract agreement for the same has been signed.
Sharma emphasised that the project's different civil components are currently undergoing full-scale construction. Infrastructure is being built at full speed to allow for timely project execution, and significant contractors are being mobilised at the project site.
This project is expected to be finished in 58 months, or by November 2027.
SJVN's General Manager S K Bhargava and Rithwik Pvt. Ltd.'s Dy General Manager V Praveen signed the contract agreement. SJVN Limited's Director (Personnel) Geeta Kapur, Director (Finance) AK Singh, Director (Electrical) Sushil Sharma, and senior SJVN & Rithwik Pvt. Ltd. officials were also present.
The 382 MW Sunni Dam Project is a run-of-the-river project on the Satluj River in Himachal Pradesh's districts of Shimla and Mandi. The project will generate 1382 million units per year at a levelized tariff of Rs. 3.90 per unit and will reduce carbon emissions by 1.1 million tons per year.
After commissioning, the government of Himachal Pradesh will receive 13 percent of the electricity generated for free, with the remaining 1 percent going to the Local Area Development Fund. This free power translates into Rs 28.3 billion in benefits to Himachal Pradesh over the project's 40-year life cycle. The project's development will result in the creation of community assets and the development of infrastructure. Around 4000 people will be employed directly or indirectly as a result of project construction activities. This will contribute to the overall socioeconomic development of Himachal Pradesh.
See also:
Cabinet approves NHPC's investment in India's largest hydro project
Power Min informs 39 hydro projects being implemented, 9 stalled
At Rs 10.98 billion, Rithwik Projects will construct the 382 MW Sunni Dam hydropower project for the government-run SJVN Ltd. According to an SJVN statement, the company signed the Contract Agreement for the engineering, procurement, and construction of the civil and hydro-mechanical works of the 382 MW Sunni Dam Hydro Power Project.
The letter of award for the civil and hydro mechanical works was released on January 14, 2023, according to Sharma's briefing. Following the fulfilment of all prerequisites, the contract agreement for the same has been signed.
Sharma emphasised that the project's different civil components are currently undergoing full-scale construction. Infrastructure is being built at full speed to allow for timely project execution, and significant contractors are being mobilised at the project site.
This project is expected to be finished in 58 months, or by November 2027.
SJVN's General Manager S K Bhargava and Rithwik Pvt. Ltd.'s Dy General Manager V Praveen signed the contract agreement. SJVN Limited's Director (Personnel) Geeta Kapur, Director (Finance) AK Singh, Director (Electrical) Sushil Sharma, and senior SJVN & Rithwik Pvt. Ltd. officials were also present.
The 382 MW Sunni Dam Project is a run-of-the-river project on the Satluj River in Himachal Pradesh's districts of Shimla and Mandi. The project will generate 1382 million units per year at a levelized tariff of Rs. 3.90 per unit and will reduce carbon emissions by 1.1 million tons per year.
After commissioning, the government of Himachal Pradesh will receive 13 percent of the electricity generated for free, with the remaining 1 percent going to the Local Area Development Fund. This free power translates into Rs 28.3 billion in benefits to Himachal Pradesh over the project's 40-year life cycle. The project's development will result in the creation of community assets and the development of infrastructure. Around 4000 people will be employed directly or indirectly as a result of project construction activities. This will contribute to the overall socioeconomic development of Himachal Pradesh.
See also: Cabinet approves NHPC's investment in India's largest hydro projectPower Min informs 39 hydro projects being implemented, 9 stalled
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
