Nand Lal Sharma has assumed the charge as Chairman and Managing Director of Satluj Jal Vidyut Nigam Limited (SJVNL) today. After assuming the charge in his first interaction with media, Sharma shared his vision for the growth of SJVNL.
In a conversation with the correspondent of Bureaucracy Today said: “My immediate focus is on streamlining the pending projects, get faster clearances, kick-start the construction activities and give priority to get them completed on scheduled time.”
He also disclosed that SJVNL plans to start construction of the power plant to be built in collaboration with Bhutan Power Corporation Limited in Bhutan. “Apart from that we are also planning to start construction activities at the planned plants in Kota (Rajasthan), Bihar and Uttaranchal,” he told.
When BT tried to understand the reason behind the falling revenues and profits of the company for the last quarter; he confidently said that the company has been totally robust on the performance parameters. It was just the lower depreciation due to the ageing of projects were resulting in the lower tariffs. “That is affecting the growth numbers. For example take Nathpa Jhakri Project which got more than 12 years old and thereby the depreciation which is a part of tariff calculations has come down significantly,” he said.
However, when questioned about the market rumours of National Thermal Power Corporation Limited (NTPC) acquiring a major stake in SJVNL, he declined to comment, Bureucracy Today reports.