NHPC has announced that all four units of the Parbati-II Hydroelectric Project (800 MW) in Himachal Pradesh are expected to be operational by March 2025. This run-of-the-river project is designed to harness the hydro potential of the lower reaches of the Parbati River. With a cost estimate of Rs 39.2 billion, it will feature four Pelton turbines, each with a 200 MW capacity, supplied by Bharat Heavy Electricals.
NHPC Limited has reported a net profit of Rs 10.69 billion for the quarter ending September 2024, marking a 36.86% decline from Rs 16.93 billion in the same quarter the previous year. However, the company’s total income rose by 9.25% to Rs 34.02 billion during this quarter, compared to Rs 31.14 billion in the corresponding period last year.
NHPC Limited has issued a tender for setting up 1.2 GW of interstate transmission system (ISTS)-connected solar power projects across India, with an optional greenshoe capacity (Tranche-IX). The projects can be located anywhere in India, with a bid submission deadline of November 4, 2024. The maximum capacity a bidder can secure is 600 MW, extendable to 1200 MW with the greenshoe option. For projects in northeastern states and special category regions, the minimum capacity is…
NHPC is on track to more than double its installed capacity to 15,000 MW over the next four to five years. The company is working on 16 projects totalling 10,692 MW, with nine hydro projects (9,314 MW) and seven solar projects (1,378 MW). Of the hydro projects, eight will be commissioned by FY29, adding 6,434 MW to NHPC’s capacity. NHPC is expanding into solar energy under the central public sector undertaking scheme, with 1,378 MW…
NHPC and Andhra Pradesh Power Generation Corporation (APGENCO) have formed a joint venture to develop pumped hydro storage (PSP) projects and renewable energy initiatives. The venture will progress in phases to allow for future project identification and implementation. The first phase will focus on two PSPs: Yaganti PSP with a capacity of 1,000 MW and Rajupalem PSP with 800 MW. The JV will be equally owned by NHPC and APGENCO, starting with an initial paid-up…
NHPC Limited has issued a tender for the development of 7.68 MW grid-connected rooftop solar power systems as part of the PM Surya Ghar: Muft Bijli Yojana. The last date for bid submission is October 29, 2024. The project will be executed in four zones with different capacities: Zone 1: Jammu and Kashmir (4,102 kW) Zone 2: Himachal Pradesh (1,710 kW) Zone 3: Uttar Pradesh and Uttarakhand (774 kW) Zone 4: Sikkim, West Bengal, and…
State-owned hydro power giant NHPC has paid a total dividend of Rs 12.86 billion for the financial year 2023-24. On September 20, 2024, NHPC disbursed a final dividend of Rs 3.39 billion to the Government of India. Earlier in the fiscal year, an interim dividend of Rs 9.48 billion was paid on March 5, 2024. The company’s board had recommended a final dividend of Rs 0.50 per equity share, or 5% of the face value,…
NHPC has launched a tender for 1.2 GW of Inter-State Transmission System (ISTS)-connected solar power projects, including a 600 MW/12,000 MWh energy storage system (ESS). The tender also includes a greenshoe option for an additional 1.2 GW capacity. The deadline for bid submissions is October 18, with the project expected to be completed within 24 to 30 months from the signing of the power purchase agreement (PPA). The project, to be developed on a build-own-operate…
NHPC Limited has announced the winners for the development of 1.2 GW inter-state transmission system (ISTS)-connected solar power projects in India. The successful bidders include Essar Renewables (300 MW), Jevargi Solar (Rays Infra) (200 MW), Onward Solar (50 MW), Avaada Energy (350 MW), and Mahindra Susten (300 MW). Essar Renewables, Jevargi Solar, and Onward Solar quoted a tariff of Rs 2.56 per kWh, while Avaada Energy and Mahindra Susten quoted Rs 2.57 per kWh. The…
NHPC Limited has re-entered a memorandum of understanding (MoU) with Maharashtra’s Department of Water Resources to develop 7,350 MW of renewable energy storage systems. The agreement focuses on four major pumped storage projects (PSPs) in the state: Kengadi (1,550 MW), Savitri (2,250 MW), Kalu (1,150 MW), and Jalond (2,400 MW). This revised MoU follows the issuance of a corrigendum to Maharashtra’s policy on PSP development through public-private partnerships.
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