NHPC to invest Rs 840 billion in 20 GW pumped storage project

NHPC Ltd, a state-owned hydropower company, has announced a major investment of Rs 840 billion to develop 20 GW of pumped storage capacity. 

This project is part of a larger capital expenditure plan estimated at Rs 12,000 billion, with most investments to be made through joint ventures (JVs).

Currently, NHPC has an installed capacity of 7.1 GW from renewable sources across 25 power stations, including 1.5 GW from subsidiaries. The company also plans to allocate over Rs 80 billion in capital expenditure for FY26, focusing on 1.62 GW of hydroelectric capacity and 1.49 GW of solar projects.

Despite this ambitious plan, NHPC’s shares have declined by 1.75%, trading at Rs 71.95, with a market capitalization of Rs 72.26 billion and a dividend yield of 2.64%.