DVC signs pacts with SJVN to source hydropower to meet green energy obligations
Damodar Valley Corporation
(DVC) on Tuesday said it has signed power purchase agreements with SJVN Ltd for sourcing hydropower, in a bid to boost the multipurpose river valley project's push towards green energy and ensure stable supply for its consumers in West Bengal and Jharkhand. The hydropower will be sourced from SJVN Ltd's Sunni Dam and Luhri Stage-I Hydro Projects.
The agreements come on the heels of five similar PPAs signed between DVC and NHPC, and are part of a broader strategy to diversify the former's energy portfolio and strengthen grid reliability across the Damodar Valley region.
"These PPAs are aimed at securing green energy obligations in our distribution business," DVC Member-Secretary John Mathai told PTI.
"It will help us meet 100 per cent of our future obligations in green energy - be it solar, hydro, or any other source," he said.
DVC currently distributes around 43 billion units annually across its command area in West Bengal and Jharkhand. Its power supply is primarily high-tension electricity catering to industrial consumers.
Under the latest pacts, DVC will procure hydropower from SJVN as allocated by the Ministry of Power. The agreements will become effective upon the commissioning of the respective projects.
With an installed capacity of nearly 6,500 MW, predominantly thermal, DVC's future expansion plans are focused heavily on clean energy. The latest agreements are expected to boost peak demand management, support industrial growth, enhance grid stability and reinforce the adoption of renewable energy in the region.
"This collaboration aligns with our strategy to provide stable, sustainable and affordable power to our consumers while complementing our existing thermal and renewable assets," Mathai added.
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