SJVN signs PPAs with GUVNL for 658 MW green power supply

SJVN Limited has signed Power Purchase Agreements (PPAs) with Gujarat Urja Vikas Nigam Limited (GUVNL) for the supply of green power from its upcoming hydro electric projects in Himachal Pradesh. The agreements cover the 66 MW Dhaulasidh Hydro Electric Project (HEP), 210 MW Luhri Stage-I HEP, and 382 MW Sunni Dam HEP, collectively totalling 658 MW. This move strengthens SJVN's portfolio of long-term power sale arrangements with leading power utilities across the country.

The PPAs were signed on June 29, 2026, at Vadodara, Gujarat. Sh. Aman Katoch, General Manager (C&SO), SJVN, and Sh. Sanjay Mathur, General Manager (Commerce), GUVNL, signed the agreements. The ceremony was attended by senior officials from both organisations.

Project Details

The following table outlines the capacity of the hydro electric projects covered under the agreements:

Project Name:	Capacity (MW)
Dhaulasidh HEP	66
Luhri Stage-I HEP	210
Sunni Dam HEP	382
Total	658

Strategic Impact

Sh. Bhupender Gupta, CMD, SJVN, stated that these agreements reinforce the company's position as a key contributor to India's transition towards a cleaner, greener and more resilient energy future. The long-term power sale arrangements with GUVNL mark a significant step in expanding SJVN's reach in the renewable energy sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.31%	-4.11%	-2.97%	-15.50%	-28.86%	+149.17%

SJVN has appointed Rajesh Kumar Chandel as its Director (Projects), effective June 11, 2026. The appointment strengthens the company's leadership team with a veteran civil engineer possessing over 32 years of experience in the power sector, specifically in hydroelectric project development and execution. This move is in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background

Rajesh Kumar Chandel (DIN: 11765540) is a Civil Engineer who joined SJVN in May 1994. His career spans planning, construction, project management, and monitoring of hydroelectric projects across India, Nepal, and Bhutan. Prior to this role, he served as Officer on Special Duty (OSD) to the Chairman & Managing Director of SJVN Limited.

Key Career Milestones

Chandel has held several critical positions throughout his tenure. He contributed significantly to the construction of the Head Race Tunnel of the 1500 MW Nathpa Jhakri Hydro Power Station. He also served as Head of Project for the Dhaulasidh Hydro Electric Project (HEP), steering it from conceptualization to the construction phase.

Project/Role	Location/Scope
Managing Director, PHPA-II	Bhutan (1020 MW Punatsangchhu-II)
Chief Executive Officer	SJVN Arun-3 Power Development Company (SAPDC), Nepal
Chief Executive Officer	SJVN Lower Arun Power Development Company (SLPDC), Nepal
Officer on Special Duty	SJVN Limited Corporate Office

International Project Experience

Chandel played a pivotal role in advancing SJVN's international hydropower portfolio. He was closely associated with obtaining statutory clearances and development activities for the 900 MW Arun-3 Hydroelectric Project in Nepal and the 570 MW Wangchhu Hydroelectric Project in Bhutan. As Managing Director of the Punatsangchhu-II Hydroelectric Project Authority, he managed technical, contractual, and coordination matters during the project's commissioning.