The NHPC board has approved amendments which will enable the company to apply to the power regulator Central Electricity Regulatory Commission (CERC) for a trading licence. This decision is in line with the power ministry's plan to make NHPC an aggregator for meeting the demand of peaking power. In an interview with CNBC-TV18, Mahesh Kumar Mittal, Director-Finance & CFO of the company spoke about the latest happenings in his company and sector.
The current merchant price for power is Rs 2.50 per unit, says KM Singh, CMD of NHPC.
According to Jain, CERC's authority had already been upheld by APTEL and the Supreme Court.
Amid controversy over the legality of hydroelectric projects run by NHPC in Jammu and Kashmir, ABL Srivastava, the company‘s director finance has said that there is no illegality involved in it whatsoever.
ABL Srivastava, director â€“ finance at NHPC told CNBC-TV18 that the company has spoken to BSE, NSE and Sebi regarding the suddent correction and expects a detail report on the same.
CMD of NHPC ABL Srivastava hopes revenues will jump in FY14 once all the full impact of all the commissioned projects comes on stream.
CNBC-TV18 catches up with ABL Srivastava, chairman and managing director of NHPC to find out what the industry woes are at this point and how it’s going to look like from here on.
Abl Srivastava, Director-Finance, NHPC in an interview with CNBC-TV18 spoke about the latest happenings in the company. The company would be investing Rs 2,400 crore for 2,120 megawatt projects in Jammu & Kashmir and has signed a pact with J&K PDC and PTC for the same.
ABL Srivastava, CMD of NHPC tells CNBC-TV18 spoke about the latest happenings in his company and sector.
In an interview with CNBC-TV18, ABL Srivastava, CMD and Director Finance, NHPC, spoke about the latest happenings in his company and sector.