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Auma-Solutions for a world in motion

SJVN seeks debt financing for Dhaulasidh, Himachal Pradesh

 SJVN invites expressions of interest, by 31 January, for the debt financing of the 66 MW Dhaulasidh hydro plant. SJVN seeks a commercial loan for a period of 17 years, including a five-year moratorium, of INR 5.33 billion (US$ 72.55 million), which is equivalent to 80 per cent of the total project cost of INR 6.663 million (US$ 90.7 million). Equity financing equivalent to 20 per cent of the total cost is to be carried by SJVN. The project is expected to generate a return on equity of 16.5 per cent.

The planned run-of-the river scheme on the Beas river, near the village of Sanotu in Hamirpur district of Himachal Pradesh, is designed to include a 50 m-high concrete gravity dam, with a powerhouse to be equipped with two 33 MW vertical shaft Francis units at the toe of the dam. It is expected to generate 304 GWh/year under a gross head of 46.37 m, based on water availability.

This project is scheduled to be completed within 54 months (including pre-construction works) from the date of investment approval. The major works have been divided in three packages: Civil, Hydro Mechanical and Electro Mechanical, which will be awarded after investment approval has been granted by the Ministry of Power. Investment approval was given in October 2020.

Interested lenders are requested to provide the information in the format provided under

Annexure ‘B’ of the tender notification.

The tender notice can be viewed at SJVN’s website: https://sjvn.nic.in. EOIs with terms for debt financing should be submitted in a sealed envelope by post, courier or in person to:

Senior Additional General Manager (F&A)

SJVN Ltd

Tower-I, 6th Floor

NBCC Commercial Complex

East Kidwai Nagar

New Delhi 110023

India

Tel: +91 98 1600 2980

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