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.
In October, India’s renewable energy sector surged with 16 new tenders, totalling a capacity of 11,098 MW. Auctions allocated 6,316 MW to various developers, pushing India’s total renewable capacity beyond 200 GW, including large hydro, while total electricity generation capacity reached 452.69 GW. Rajasthan, Gujarat, Tamil Nadu, and Karnataka led in renewable installations. Key tenders included NHPC’s 1,200 MW solar and SECI’s 1,200 MW round-the-clock renewables. NTPC launched a 1,200 MW wind-solar hybrid tender with…
NHDC, a subsidiary of NHPC, has commissioned the full 88 MW capacity of the Omkareshwar Floating Solar Power Plant (FSPV) located in the reservoir of the Omkareshwar project in Madhya Pradesh. This project, which went live on October 29, 2024, is expected to generate an annual capacity of 204.58 million units (MUs). The total project cost is Rs 5.89 billion. NHPC, India’s largest hydroelectric power developer, is also active in solar and wind energy through…
REC Power Development & Consultancy Ltd (RECPDCL) established a project special purpose vehicle (SPV) named “Ratle Kiru Power Transmission Ltd” on October 23, 2024, as a wholly-owned subsidiary. This SPV will develop the ISTS scheme titled “Transmission scheme for evacuation of power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part-A” in Jammu & Kashmir. The scheme, estimated to cost Rs 12.14 billion with a gestation period of 24 months, will provide ISTS…
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 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…
The central government has elevated four public sector companies—SJVN, Solar Energy Corporation, NHPC, and RailTel Corporation of India—to Navratna status. This upgrade, announced by the Ministry of Finance on August 30, brings the total number of Navratna Central Public Sector Enterprises (CPSEs) in India to 25. Out of the four companies, three are publicly traded: RailTel, SJVN, and NHPC. Following the announcement, shares of RailTel and SJVN surged over five per cent when the stock…
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