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Switching on 10,000 MW!

Switching on 10,000 MW!

NHPC Ltd, India’s largest hydropower utility is a ‘Miniratna’ Category-I Enterprise of the Government of India. Established in 1975, the company was listed on the BSE and NSE on 1st September 2009, with its maiden IPO of over Rs.6,000 crore.

nHPC contributes around 15 per cent of the total hydropower installed capacity in India. It currently has an installed capacity of 5,197 MW on a standalone and 6,717 MW on a consolidated basis, which includes 21 hydropower stations (including two power stations of a total of 1,520 MW of NHDC, a subsidiary company with the Government of Madhya Pradesh) and one 50 MW wind power project.

The state-owned company has already added 1,372 MW of hydropower capacity in the XIIth Plan. By the end of the current plan, the company is expecting to add another 330 MW of installed capacity at its Kishanganga project of 330 MW in Jammu & Kashmir.

Early commissioning of these projects will pave the way for turning NHPC into a 10,000-MW company.

NHPC is a multidisciplinary organisation with sufficient expertise and state-of-the-art technology for investigation, planning, designing and executing large, medium and small size hydropower projects.

It also provides a wide range of consultancy services from ‘concept to commissioning’ in the field of hydropower in India and abroad. NHPC strongly believes in achieving organisational excellence through human resources development and follows an ‘Employee Empowerment’ approach to leverage the potential of its staff to fulfil its business plans.

The average annual profit of NHPC for the past five years is more than Rs 2,100 crore and the average annual capex of the company during this period was in excess of Rs 3,000 crore. NHPC has excellent operating margins of around 60 per cent. It has not taken equity support from the government since 2007- 08.

NHPC registered a 15 per cent growth in standalone net profit at Rs 2,440 crore in FY2015-16 against Rs 2,124 crore for the corresponding period during the previous fiscal. Sales for FY2015-16 also rose by 9 per cent to Rs 7,347 crore compared to Rs 6,737 crore for the corresponding period in the previous fiscal year.

A memorandum of understanding (MoU) has been signed with the Government of West Bengal and the West Bengal State Electricity Distribution Company Ltd for development of four hydro-projects with total capacity of 293 MW by NHPC on a Build, Own, Operate and Maintain (BOOM) basis.

In addition to this, an MoU has also been signed with the Solar Energy Corporation of India (SECI) for development of 250 MW grid-connected solar power projects. NHPC is also providing consultancy services to Teesta Urja Limited Project Construction Management of the 1,200 MW Teesta-III project.

The company, along with Jammu & Kashmir State Power Development Corporation Ltd (JKSPDC) and Power Trade Corporation (PTC), has formed a JV company, Chenab Valley Power Projects Ltd (CVPPPL), for implementation of the Pakal Dul, Kiru and Kwar projects along the Chenab river basin with total installed capacity of 2,164 MW. The company has also signed an MoU with Kerala for development of a grid interactive wind power project with a potential of 82 MW. Recently, NHPC signed an Energy Purchase Agreement (EPA) with TANGEDCO, Tamil Nadu, for development of a 50-MW solar power project.

An MoU has also been signed between NHPC and the National Institute of Wind Energy, Chennai, (formerly CWET) for providing technical consultancy services for the development of wind and solar energy projects by NHPC.

A JV company, Bundelkhand Saur Urja Ltd, has been promoted for harnessing solar power in Uttar Pradesh. A tripartite agreement has been signed amongst NHPC, Bihar State Power Generation Company (BSPGCL) and Pirpainti Bijlee Company Pvt Ltd for development of the 2×660 MW Pirpainti Thermal Power Project in Bihar in a joint venture.

NHPC is placing emphasis on using sustainable, renewable resources of power generation to meet the increasing demand for energy. Hydropower is a dependable renew¡able energy technology which is presently commercially viable on a large scale.

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