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The Government of India’s Ministry of Power (MoP) signed a Memorandum of Understanding (MoU) with three state-run major power utilities: SJVNNTPC, and Power Grid Corporation of India Ltd (PGCIL).

As per the agreement, SJVN would generate 9,680 million units (MU) of electricity in a year.

Further, the MoU has set SJVN a capital expenditure (CAPEX) target of ₹28.8 billion (~$393 billion) and a turnover target of ₹28 billion (~$382 billion) along with other targets related to operational efficiency and project monitoring.

With an installed generation capacity of 2,016 MW, SJVN has already paid a dividend of ₹8.64 billion (~$117 million) to its shareholders for FY 2019-20 against ₹8.44 billion (~$115 million) paid during the previous financial year.

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