NHPC approves monetisation of returns from Uri-II, Dhauliganga plants

NHPC Limited has approved a proposal to monetise future cash flows, specifically the return on equity (RoE), from its Uri-II and Dhauliganga power stations for a period of 10 years. The decision was taken at a board meeting held on April 14, 2026, and disclosed to stock exchanges on Tuesday.

The monetisation will be executed in a single tranche during the financial year 2026–27. The company did not disclose the expected proceeds from the transaction or identify potential investors.

The structure enables NHPC to raise upfront capital against long-term revenue streams from operational assets without transferring ownership. The company indicated that a similar approach could be considered for other power stations, if required.