ContractInvestment Rationale • April 30th, 2010
Recommendation Not Rated BackgroundSJVN Limited (formerly known as Nathpa Jhakri Power Corporation Private Limited) is a Joint Venture between Government of India and Government of Himachal Pradesh. It was formed to develop hydro electricity generation facility on the Sutlej river of Himachal Pradesh and (Nathpa Jhakri Hydro Power Station) NJHP was the first project undertaken by SJVNL for execution. 1500MW NJHP is the only project which is operational right now in SJVNL. The upcoming 412MW Rampur project where construction work is in progress will be operational by FY14. Apart from this around 3604MW of hydro projects are at Initial phases of planning & land acquisitions. Objects of the Issue • Disinvestment by the Government of India.• Proceeds from the offering will not be available to the company, but will be added to the Central Governments treasury.• Retail Investors are offered 5% discount on Issue price.Investment Rationale • Expertise of Hydro Project DevelopmentNathpa Jhakri
