Introduction to Sanjen Jalavidhyut Company Limited
Sanjen Jalavidhyut Company Limited (SJCL), a company promoted by Chilime Hydropower Company Limited (CHPCL), is a public limited company established in 2010 AD with the objective of harnessing hydropower potential of the county with maximum participation of local people in the projects’ ownership and mobilization of local resources for the successful implementation of various hydroelectric projects. In the context of current annual growth in electricity demand in the country, the Company has planned to develop two hydroelectric projects, namely, Sanjen (Upper) Hydroelectric Project (14.8 MW) and Sanjen Hydroelectric Project (42.5 MW) in cascade, with its own equity and loan from financial institutions of Nepal as the first initiative.
Sanjen (Upper) and Sanjen Hydroelectric Projects are located in Chilime VDC of Rasuwa District about 160 km road head distance towards north of Kathmandu. The headworks site is located in Tiloche at an elevation of 2348.3 masl, Powerhouse of Sanjen (Upper) HEP is located in Simbu Village at an elevation of 2187 masl and Powerhouse of Sanjen HEP is located in Chilime Village at an elevation of 1745 masl. The upper scheme is basically a run-of-river type with daily peaking facility of 1 hour 10 minutes and generates annual energy of 82.44 GWh with the available gross head of 161.3m. The design discharge of the project at exceedance Q40 is 11.07 m3/s. The lower scheme is the cascade development of upper scheme and thus water from the tailrace of upper scheme is directly utilized by the lower scheme and generates annual energy of 241.865 GWh with the available gross head of 442 m. Additionally, 0.50 m3/s discharge from Chhupchung Khola will be added to the intake/forebay of the lower scheme and therefore, the design discharge of lower scheme is 11.57 m3/s.
The total estimated project cost of these two projects is NRs 7,243,181,544 without financial cost. SJCL has planned to manage its total capital requirement for the construction of these two projects from debt and equity under debt equity ratio of 50:50 excluding IDC cost. For 100% of the debt part, a tripartite loan agreement among Employees’ Provident Fund (EPF), Chilime Hydropower Company Limited (CHPCL) and Sanjen Jalavidhyut Company Limited (SJCL) has been signed under long term loan arrangement on 8th December, 2011. Equity investment will be made from 51% promoter share and 49% public share. Power generated from Sanjen (Upper) and Sanjen Hydroelectric Projects will be evacuated by 132kV single circuit transmission line linking respective power plants and Chilime hub of NEA and then to the national grid via 220 kV double circuit line up to Trishuli 3B hub of NEA. A total of 324.31 GWh of electricity will be added into NEA Grid within 2017 AD. The Company has scheduled the construction of both projects simultaneously from October 2012. The commercial operation date has been slated for July 2015 for Sanjen (Upper) HEP and that for Sanjen HEP in December 2015.