CLSA says that NHPC's installed capacity could rise by as much as 64 percent year-on-year in FY26, setting the stage for a stronger earnings profile over the medium term. Also, NHPC’s board has approved fund-raising of up to Rs 2,000 crore via bonds.
The government has done a review of all under-construction projects in J&K and told contractors that delays are unacceptable, power secretary Pankaj Agarwal has told Moneycontrol
The appointments will come at a time when India is pulling out all the stops to meet its growing power demand with focus on renewable and nuclear energy
The much delayed 2,000 MW Subansiri hydropower plant in Arunachal Pradesh, which will be the largest in India, will be fully commissioned by May 2026, Chaudhary said.
Raj Kumar Chaudhary, CMD, NHPC Ltd told Moneycontrol that other than its operational hydropower capacity of 6,571 MW, the company has an additional 9,314 MW of hydro capacities under construction.
Taking a step towards clean and green energy, NHPC signed a Memorandum of Understanding (MoU) with Gujarat Power Corporation (GPCL) for investment in Kuppa Pumped Hydro Storage Project (750 MW) on January 3, 2024, a company statement said.
PSPs require a high capital expenditure, but in the long run, they are cost and space-effective since they have a much longer life than battery energy storage systems (BESS) and do not require mining of critical minerals, which currently is mostly imported in India.
Hydropower comprises about 11 percent of India's energy mix, per the CEA, and is considered to be a flexible mode of power generation. Unlike coal-fired plants, these units can be ramped up and down quickly in keeping with power demand.
Two operational hydropower projects totalling 1,710 MW and one under construction project of 500 MW have been affected in the Sikkim flash floods.
As of March 31, 2023, India had an installed hydroelectric power capacity of 42,104.55 MW, which is 29 percent of the total reassessed potential capacity of 1,45,320 MW
NHPC Ltd CMD RK Vishnoi also said that the first and second units of the Subansiri Lower hydroelectric project in Arunachal Pradesh will be commissioned in January and March, 2024 respectively.
Floating solar, or floatovoltaics, are solar panels mounted on a water body such as a reservoir or a lake. Floating solar photovoltaic power plants can be 15-30 percent more expensive than land-based ones, but they can generate about 10 percent more capacity than land-based PV systems.
The consolidated net profit of the company was Rs 1,053.76 crore in the quarter ended on June 30, 2022, a BSE filing showed.
The company said it has limited resources and may have to turn to the government to acquire the two smaller hydel companies.
About 1,730 shares advanced, 1,874 declined and 147 remained unchanged on July 24.
In addition, NHPC director (finance) RP Goyal said the Central government has asked the PSU to explore pumped storage projects with a total capacity of 22 GW. NHPC has also invited bids from select developers for 3 GW connected solar power projects across the country as part of the Centre's renewable energy bidding trajectory.
Credit Suisse says it continues to favour relatively defensive stocks with low price/earnings ratio like HCL Technologies Ltd, NTPC Ltd , Coal India and NHPC Ltd.