Satluj Jal Vidyut Nigam (SJVN) has earned Rs 34.40 crore as incentive under Deviation Settlement Mechanism from 1500 MW Nathpa Jhakri and 412 MW Rampur hydropower station in the three quarters of 2021-22, chairman and managing director N L Sharma said on Wednesday. Deviation Settlement Mechanism is a frequency linked regulatory mechanism which ensures the stability of the Grid that rewards the power producer for supporting and stabilizing the Grid. This incentive earning is in addition to the revenue earned from power generation. Sharma said SJVN is successfully operating mega hydropower stations and is ensuring stability of the Grid. Due to the intermittent nature of energy, forecasting and scheduling of power is essential to maintain the stability and safety of the Grid. window.googletag = window.googletag || {cmd: []}; googletag.cmd.push(function() { googletag.defineSlot(`/96277396/single-article-ad-new`, [300, 250], `div-gpt-ad-1616332879619-0`).addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.enableServices(); }); googletag.cmd.push(function() { googletag.display(`div-gpt-ad-1616332879619-0`); }); A power producer is required to forecast and declare power generation schedules for each power station, he added Sharma stated that with the incentive earning of Rs 34.40 crore in three quarters of ongoing financial year, SJVN has surpassed the incentive earned in corresponding period of previous two financial years. In 2019-20, the incentive earned was 12.10 crore and in 2020-21, it was Rs 21.86 crore for this period. SJVN is continually supporting the Grid by aligning its power generation with grid stability and security, he said. He lauded the flagship power stations for setting benchmarks in single day, monthly and quarterly power generation.

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