RP Singh, chief managing director, Satluj Jal Vidyut Nigam (SJVN Ltd) expects the company's 412 megawatt Rampur unit to be commissioned by FY14.
"This unit is likely to generate about 1,700-1,800 million units of energy. However, the unit will not be producing any power before FY15," Singh said in an interview to CNBC-TV18.
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Meanwhile, the company aims to close the current financial year with energy generation of 6,800 milllion units.
Below is the edited transcript of Singh's interview to CNBC-TV18.
Q: We understand you have signed an agreement with the Ministry of Power to generate 6930 million units of energy in 2013-14. How much more would that be as compared to what you have done in FY13?
A: As of today, in FY13 we have already generated around 6722 million units. We will close around 6800 million units.
Q: So, your generation next year will be only 3 percent more than what you have done this year?
Q: Are there no new plants coming up? We thought that you would have your wind power project in Maharashtra coming up and therefore you will perhaps be able to generate more?
A: Yes, the wind power project is coming up. That is inclusive of wind power and some power generation from our Rampur Hydroelectric Project.
Q: So you believe you will be able to generate more from the Rampur project in FY14?
A: No, not in FY14. It will be after FY14 because even if it is commissioned in 2013-14, the water availability in the river will be very less, so hardly any machine will be running.
Q: So you expect to generate electricity from the Rampur project only in FY15?
Q: How much do you think you will generate in FY15?
A: Generation depends on what will be the river inflow. The desired energy of Rampur is around 1700-1800 million units.
Q: You are unsure as to how much you will actually be able to generate?
A: That's not the case. Our machine ability today is 105 percent more, so we are maintaining our machine to the best of its ability. Secondly, in FY12, we generated 7600 million units and this year FY13, it will be something around 6800. So, the power generation all depends on the water available in the river.
Q: In FY14 what is the limit of your generation?
A: We are going to commission our Rampur Hydroelectric Project of 412 megawatt and in FY14 we are going to commission our wind energy project.
Q: If indeed we were to get a good monsoon, you don't see the chances of 7600 million units energy being repeated in FY14?
A: Our first choice is to achieve the desired energy which we are repeatedly achieving for the last five years. We have been achieving the desired energy since the last five years. Anything generated more than the desired energy is called secondary energy. If water is available, we can generate more. We are not wasting even a single drop of water.