The power ministry may call for a meeting to discuss the possibility of merging all state-owned hydro electric units to create one single merged entity. ABL Srivastava, Director-Finance, NHPC shares his views on the same.
In an interview to CNBC-TV18, ABL Srivastava, director - finance, NHPC says the situation of outstanding has bettered though the entire outstanding has not been liquidated yet.
NTPC's financial performance will continue to remain under stress but the company will try to recover its business loss for Dhauliganga project which will reduce its loss to some extent, says ABL Srivastava.
In an interview to CNBC-TV18, ABL Srivastava, Director – Finance at National Hydroelectric Power Corporation (NHPC) spoke about company‘s business and monsoon‘s impact on the business.
State-owned National Hydroelectric Power Corp (NHPC) sees production loss of 800 million unit from flood-ravaged Dhauliganga power station in Uttarakhand.
In an interview with CNBC-TV18, ABL Srivastava, Director-Finance of NHPC said generation in Q1 has been 6,148 million units, which is a drop of 3% YoY. According to him, this year generation is at par due to the addition of a plant.
NHPC is in early stage of talks with private players to form joint ventures for developing hydel power plants as a move to fast-track several of its projects facing delays.
NHPC chairman and managing director ABL Srivastava tells CNBC-TV18 that though the quarter was very good for the PSU, the woes of capacity addition and project delays continue to plague the company
NHPC, India's largest hydro power generation company, posted a net profit of Rs 212 crore in the third quarter of FY12, a slump of 29.6%. ABL Srivastava, CMD, NHPC says the downfall has been due to one time provisions such as survey and investigation projects which were about Rs 80 crore.
In an interview to CNBC-TV18, ABL Srivastava, director (finance) and CMD of NHPC says, he expects FY12 to be better than FY11.
State-run hydropower company NHPC reported a 47.30% increase in net profit in the first quarter of the current fiscal at Rs 791.05 crore as against Rs 537.42 crore in the same period last year.
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.
India is facing the challenge with regards to growing its power sector. India of course is the second fastest growing economy in the world. Along with that, its ability to generate and to put in place the kind of power capacity that the country requires will need to be enhanced significantly.
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.