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Arunachal Pradesh approves SGST reimbursement for hydro projects

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The Government of Arunachal Pradesh has approved State Goods and Services Tax (SGST) reimbursement concessions for two major hydroelectric projects: the Subansiri Middle (Kamala) Hydro Electric Project and the 700 MW Tato-II Hydro Electric Project. Both projects are being implemented through joint ventures. The Subansiri Middle project is led by NHPC Limited, while the Tato-II project is managed by North Eastern Electric Power Corporation Limited (NEEPCO). The Government of Arunachal Pradesh holds a 26% equity…

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NHPC receives approval for Lanco Teesta Hydro Power merger

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NHPC Limited has secured approval from the Ministry of Corporate Affairs (MCA) for the merger of Lanco Teesta Hydro Power with NHPC.  The company also received a second insurance payment of Rs 2.50 billion related to business interruption losses from the October 2023 flash flood at the 510 MW Teesta-V Power Station. NHPC, India’s largest hydropower developer, continues to expand into solar and wind energy.

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NHPC resumes construction on Parbati Hydro Electric Project

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NHPC Limited has resumed construction work on the Parbati Hydro Electric Project Stage-II, which had previously faced roadblocks due to local opposition.  The project, located on the Beas River in Kullu District, Himachal Pradesh, involves establishing an 800 MW capacity and is being developed with an investment of Rs 98.97 billion. It is situated approximately 260 km from Chandigarh.

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NHPC to invest Rs 55 billion in Bihar’s renewable energy sector

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NHPC Limited plans to invest Rs 55 billion in Bihar’s renewable energy sector to support India’s energy transition.  The company is set to sign a memorandum of understanding with the state government for projects including solar power, floating solar, and battery storage solutions.  NHPC highlighted the potential for renewable energy projects with battery storage to ensure round-the-clock green power supply. NHPC has sought the state government’s support in expediting approvals and land acquisition, citing delays…

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NHPC partners with BEML to develop solutions for hydro plants

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NHPC has partnered with BEML to explore opportunities for developing desilting and dredging solutions for hydroelectric power plants.  These solutions will also help mitigate urban waterlogging during monsoons by clearing canals and culverts and support dredging operations in inland waterways, coastal areas, ponds, and lakes. The companies have signed a memorandum of understanding (MoU) for strategic cooperation in this area. Upon successful implementation in pilot projects, the solutions are expected to be expanded across other…

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NHPC concludes tranche VI auction, awarding 1,200 MW of FDRE projects

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NHPC Limited has successfully concluded its tranche VI auction, awarding 1,200 MW of firm and dispatchable renewable energy (FDRE) projects integrated with energy storage systems and connected to the inter-state transmission system (ISTS). The auction also included a greenshoe option of 1,200 MW.  Jevargi Solar Power was awarded 150 MW at Rs 4.48 per kWh, while Juniper Green Energy and Avaada Energy secured 200 MW and 600 MW, respectively, at Rs 4.56 per kWh. ACME…

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NHPC and GGGI join forces to promote clean energy

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NHPC Limited has signed a Memorandum of Understanding (MoU) with the Global Green Growth Institute (GGGI) to collaborate on advancing clean energy solutions, including agrivoltaics, green hydrogen, and sustainable financing.  The partnership aims to address climate challenges and accelerate India’s low-carbon transition by integrating renewable energy with agriculture, developing green hydrogen projects, and boosting investments in green initiatives.  NHPC operates a diversified portfolio of hydropower, solar, and wind projects, while GGGI focuses on enabling green…

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NHPC inks 1,280 MW renewable power sale deal with UPPCL

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On 27 November 2024, NHPC signed a power sale agreement (PSA) with Uttar Pradesh Power Corporation Limited (UPPCL) for the supply of 1,280 MW of Firm and Dispatchable Renewable Energy (FDRE).  The agreement, formalized in Lucknow, is part of the Ministry of New and Renewable Energy’s (MNRE) Renewable Energy Implementing Agency (REIA) scheme. FDRE combines renewable energy benefits with grid stability to ensure consistent dispatch and availability.  Under the REIA scheme, SJVN acts as an…

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NHPC to commission Parbati-II hydroelectric project by March 2025

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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.

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NHPC reports Rs 10.69 billion net profit for Q2 FY2024, down 36.86%

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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.