Group News

Preparation of Business Plan for Uttarakhand Jal Vidyut Nigam Limited

In a short period of four years since its formation, UJVNL has carved out a place in the Power sector as the progressive and efficient operator and to steer the organization to a greater heights, a need was felt to chart out a clear direction in the form of "Business Plan" so that the efforts from all directions could be conveyed to achieve the objective of Business Plan is being prepared by Business & Commercial Department in association with Ernst and Young and include:

• Identification of potential markets for UJVNL / overall demand forecasting.
     

• Supply expansion planning and assessment of sales potential to meet the demand in the best possible way.
    

• Planning of capital expenditure and assessment of its financial and organizational impact.
    

• Estimate operating and financing costs with the help of alternative approaches.
    

• Review of financing options suitable for various projects and initiatives of UJVNL and recommend suitable financing options and avenues including bilateral and multilateral funding.
    

• Recommend appropriate entity structure for organizing the projects.
    

• Policy recommendations from the issues emanating form the Business Planning exercise.
    

• Defining clear enterprise governance actions required to ensure the effective and transparent implementation of the Business Plan.

The objectives are indeed comprehensive and indicative of the intent of the Nigam to develop a Business Plan that is implementable; result oriented and lends it to monitoring. 

CDM benefits for ADB funded Small Hydro Projects

UJVNL is making every effort to ensure that the state and the economy in transition can benefit from international efforts to address climate change, including the emerging carbon market for greenhouse gas emission reductions. UJVNL is therefore striving to catalyze a global carbon market through the purchase of high quality emission reductions in climate-friendly projects in Uttaranchal. As such, carbon finance is the first large scale initiative that seeks to catalyze investments to address a global environmental issue.

We have taken pioneering steps in availing the CDM benefits from Greensite projects. We have already prepared PIN (Project Idea Note) and the PDD (Project Design Document) of four SHPs (4 MW kaliganga I, 6 MW Kaliganga II, 10 MW Madhyamaheshwar, and 9 MW Kaldigad) with ADB (Zenith Energy). 
We have obtained Host country Approval from Designated National Authority and have also appointed DNV India for the validation of the Project. Now that we have got the Host Country approval and after the validation of Projects from Designated Operational Entity, we will be sending our PDDs to the Executive Board of UNFCCC for its consideration and registration. 

Financial Analysis of the ADB funded CDM Projects