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THDCIL commissions India’s first variable speed pumped storage unit

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THDC India Limited (THDCIL) has commenced commercial operation of the first unit (250 MW) of the 1,000 MW Tehri Variable Speed Pumped Storage Plant (PSP) in Uttarakhand. This marks India’s first variable speed PSP and the largest such project undertaken by a Central Public Sector Enterprise (CPSE). The plant comprises four reversible pump turbine units of 250 MW each. Once all units are operational, the total installed capacity of the Tehri Hydro Complex will reach…

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Greenko invites EPC bids for three PSPs; NHPC tenders Dulhasti civil works

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Greenko Energies Private Limited (GEPL) has floated a Notice Inviting Tender (NIT) for engineering, procurement, and construction (EPC) of three pumped storage projects (PSPs). The bids are split across three packages—civil, hydro-mechanical (H&M), and electro-mechanical (E&M) works. The last date for submission is June 20, 2025. The three PSPs are: Greenko GJ01 (1,600 MW) Located in Ukai village, Tapi district, Gujarat. Greenko MH01 (2,000 MW) Planned at Nayagaon village, Soegaon taluk, Aurangabad district, Maharashtra. Greenko…

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Centre clears Himachal’s takeover of four hydro projects

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The Union Government has granted in-principle approval for Himachal Pradesh to take over four hydroelectric projects earlier allocated to SJVN Limited and NHPC Limited. This move is set to reshape the state’s control over key hydro power assets. The projects include: Luhri Hydro Electric Project Stage I Located near Nirath village, this project involves building an 86-metre-high concrete gravity dam across the Satluj River. It has an installed capacity of 210 MW and an estimated…

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NHPC net profit falls 14.68% to Rs 34.12 billion in FY25

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NHPC Limited reported a standalone net profit of Rs 34.12 billion in 2024-25, down 14.68% from Rs 39.99 billion in the previous year. The decline was partly due to one-time provisions and arbitration-related expenses. Total income rose 6.69% to Rs 117.29 billion, up from Rs 109.94 billion in 2023-24. Revenue from operations stood at Rs 89.94 billion. For Q4 FY25, NHPC posted a net profit of Rs 8.94 billion. Total expenses for the year reached…

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Patel Engineering wins EPC contract for Heo hydro project

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Patel Engineering Limited has secured an EPC (engineering, procurement, and construction) contract worth Rs 7.11 billion from NEEPCO Limited for the 240 MW Heo hydropower project in Arunachal Pradesh. The project is located in the Shi Yomi district and is scheduled for completion within 44 months. The scope of work includes civil works, infrastructure construction, testing, commissioning, and hydro-mechanical systems installation. The 240 MW project (3×80 MW units) is expected to generate 1,000 million units…

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World Bank approves grant for Malawi’s 358.5 MW hydropower project

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The World Bank has approved a USD350 million grant for the Mpatamanga Hydropower Storage Project (MHSP) in Malawi. The funding was cleared by the International Development Association (IDA), a part of the World Bank Group. The 358.5 MW project was co-developed by the Government of Malawi and the International Finance Corporation under a public-private partnership model. The total expected cost exceeds USD1.5 billion, including financing during construction. Once operational, the project is expected to generate…

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DVC re-invites bids for RMU of Maithon Hydel Power Station units

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Damodar Valley Corporation (DVC) has re-invited bids for the renovation, modernisation, and upgradation (RMU) of Unit 1 and Unit 3 (20 MW each) of the Maithon Hydel Power Station on a turnkey basis. The tender was issued on May 13, 2025, with the last date for submission set as June 16, 2025. The earlier bid was floated in October 2023. The scope covers design, engineering, manufacturing, testing, transport, erection, commissioning, and performance testing. It also…

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Adani and Bhutan’s DGPC to co-develop 5 GW hydropower projects

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Adani Group has signed a memorandum of understanding (MoU) with Bhutan’s Druk Green Power Corporation (DGPC) to jointly develop 5 GW of hydropower capacity in Bhutan. This includes ongoing work on the 570/900 megawatt (MW) Wangchhu Hydropower Project. DGPC will hold a 51% majority stake in the projects, while Adani will hold the remaining 49%. Under the agreement, Adani will manage power offtake and integrate the generated power with India’s commercial power markets. This move…

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Four hydropower projects in J&K report progress amid India-Pak tension

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Jammu & Kashmir State Power Development Corporation Limited (JKSPDC) has reported physical progress across four major hydroelectric projects (HEPs) in the region. The Pakal Dul HEP has reached 66 percent physical progress. Located on the Marusudar river, a right bank tributary of the Chenab, in Kishtwar district, the reservoir-based project is being developed by Chenab Valley Power Projects Private Limited (CVPP), a joint venture between JKSPDC and NHPC Limited (49:51). The project involves an investment…

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IRCON secures Rs 4.58 billion contract for Tato-I hydropower project

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IRCON International Limited has won the Rs 4,581.44 million contract for Package I of the 186 MW Tato-I Hydro Electric Project. The award was made on May 2, 2025, following a tender process initiated by North Eastern Electric Power Corporation Limited (NEEPCO) in October 2024. The contract covers construction of key civil works on an item-rate basis. This includes headworks, head race channel (HRC), head race pipe, intake, head race tunnel (HRT), surge shaft, pressure…