Hydro Power

Cabinet approves two hydro projects worth Rs 3,689 cr in Arunachal Pradesh

The Cabinet Committee on Economic Affairs (CCEA) on Monday approved two hydropower projects entailing an investment of Rs 3,689 crore in Arunachal Pradesh. After the Cabinet meeting, Union Minister Ashwini Vaishnaw told reporters that the CCEA approved an investment of Rs 1,750 crore for the construction of 186 MW Tato-I Hydro Electric Project and Rs 1,939 crore for 240 MW Heo Hydro Electric Project in Shi Yomi District of Arunachal Pradesh. Power generated from the two projects will help improve the power supply position in Arunachal Pradesh and will also help in balancing the national grid, the minister said. The projects will be implemented through joint venture companies between North Eastern Electric Power Corporation Ltd. (NEEPCO) and the Government of Arunachal Pradesh. For the Tato-I project, the central government will extend Rs 77.37 crore as budgetary support for the construction of roads, bridges and associated transmission lines under enabling infrastructure besides .

SJVN Q2FY25 results: Net profit marginally increases to Rs 439.9 cr

State-owned SJVN on Tuesday said its consolidated net profit during the September quarter remained flat at Rs 439.90 crore. It had posted Rs 439.64 crore profit for the period ended September 2023, the company said in an exchange filing. The company's total income rose to Rs 1,108.43 crore from Rs 951.62 crore a year ago. Its expenses shot up to Rs 528.88 crore from Rs 398.22 crore in the year-ago period. Shimla-based SJVN is into hydro power projects.

Tata Power acquires 40% stake in Khorlochhu Hydro Power for Rs 830 cr

Tata Power on Monday said it has acquired 40 per cent stake in Bhutan-based Khorlochhu Hydro Power Limited for Rs 830 crore. "It has today executed the Share Purchase Agreement between the company, existing shareholder of KHPL and KHPL," Tata Power said in an exchange filing. On August 6, the Board of Directors of The Tata Power Company Limited approved a proposal for the acquisition of a 40 per cent equity stake in Khorlochhu Hydro Power Limited in one or more tranches. The cost for acquisition of a 40 per cent equity stake in KHPL is around Rs 830 crore, Tata Power had said. Tata Power said it has finalized an agreement with Druk Green Power Company to develop the hydro project in the neighbouring country at an estimated cost of Rs 6,900 crore.

Peak power demand declines in Sept; renewable energy generation increases

While coal and gas-based power generation experienced reductions of 5% and 15%, respectively, hydro, nuclear, and renewable energy sources saw a rise

Anil Ambani's co partners DHI to set up 1.2 GW solar, hydro power in Bhutan

Partnership marks the group's maiden foreign venture

Power giant NHPC pays final dividend of Rs 338.5 cr to Centre for FY24

State-owned hydro power giant NHPC on Monday said it has paid a final dividend of Rs 338.51 crore to the Government of India for 2023-24. In addition, an interim dividend of Rs 947.82 crore for 2023-24 was paid on March 5, 2024, aggregating a total dividend of Rs 1,286.33 crore for the entire fiscal year, the company said in a statement. "NHPC has paid a final dividend of Rs 338.51 crore to Government of India for the FY2023-24 on September 20, 2024," a company statement said. The dividend payout bank advice was presented to Union Minister of Power and Housing and Urban Affairs Manohar Lal Khattar by NHPC CMD R K Chaudhary on Monday, it said. The company's board of directors in its meeting on May 17, 2024 recommended a final dividend at the rate of Rs 0.50 per equity share i.e. 5 per cent of the face value for 2023-24 that was approved in the annual general meeting on August 28, 2024. In addition, an interim dividend at the rate of Rs 1.40 per equity share, or 14 per cent of the f

Torrent Power bags Maharashtra's 1,500 MW pumped hydro storage project

Torrent Power on Tuesday said it has bagged a 1,500 MW pumped hydro storage project (PSP) from Maharashtra State Electricity Distribution Co. Ltd. Torrent Power Ltd has emerged as a successful bidder and has received Letter of Intent (LOI) from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) on 17th September 2024 for procurement of 1,500 MW/12,000 MWh Energy Storage Capacity from Pumped Hydro Storage Project, the company said in a statement. Detailed letter of award will be issued by MSEDCL upon obtaining necessary approval from the Maharashtra Electricity Regulatory Commission (MERC) in terms of the tender document on the quoted tariff, it said. The pumped hydro storage project will supply power to MSEDCL for 40 years as part of the deal, it said. Under the Pumped Hydro Energy Storage Facility Agreement (PHESFA), the company shall make available to MSEDCL a contracted capacity of 1,500 MW capable of scheduled discharge of eight hours (with maximum continuous five hour

Cabinet allocates Rs 12,461 crore for revised hydro projects scheme

The scheme was first announced in 2019 and builds on the initiative floated in 2016 to boost the growth of hydro power in the country

THDC to harness 6,790 MW pumped hydropower storage at Rs 33,600 cr

THDC India on Tuesday said it has signed a pact with the Maharashtra government for harnessing six PSPs (pumped hydro power storage project) totalling 6,790 MW with an investment of over Rs 33,600 crore. The agreement aims to facilitate the developer in conducting surveys, investigations, preparing Detailed Project Reports (DPRs), and establishing projects in a time-bound manner while adhering to the prevailing rules, policies, and schemes of both the central and state governments, a company statement said. According to the statement, the memorandum of understanding (MoU) was signed with the Department of Water Resources, Government of Maharashtra, for harnessing of Pumped Storage Energy through six PSPs, totalling 6,790 MW capacity and involving a proposed investment of more than Rs 33,600 crore. The six planned projects under this MoU are Malshej Ghat Pumped Storage Project (700 MW), Aruna Pumped Storage Project (1,950 MW), Kharari Pumped Storage Project (1,250 MW), Humbarli Birma

NHPC Q1FY25 results: Net profit rises marginally by 1% to Rs 1,108 cr

State-owned hydro power giant on Wednesday reported a marginal rise in its consolidated net profit of over one per cent to Rs 1,108.46 crore in June 2024 quarter. The company had reported a consolidated net profit of Rs 1,095.38 crore in the quarter ended on June 30, 2023, a BSE filing showed. Total income has increased to Rs 3,037.92 crore in the quarter from Rs 3,010.22 crore in the same period a year ago. The board also approved monetisation of future cash flow (return on equity) in respect of Dulhasti Power Station or any other power station(s) of the company for 8/10 years in single tranche during financial year 2024-25. In a separate filing, it informed that the power ministry has appointed Raj Kumar Chaudhary, Director (Technical), NHPC, to the post of Chairman and Managing Director, NHPC Limited. The appointment is effective from August 7 till the date of his superannuation i.e. June 30, 2025, or until further orders. The company further said that consequent to the above,

Gautam Adani meets Bhutan PM, signs MoU for 570 MW green hydro plant

Adani Group chairman Gautam Adani has met Bhutan Prime Minister Tshering Tobgay and signed a Memorandum of Understanding with the country's Druk Green Power Corporation for a 570 MW hydroelectric plant in Chukha province.Further, he praised Bhutan's efforts to develop infrastructure under the vision of King Jigme Khesar Namgyel Wangchuck and expressed eagerness to collaborate on hydro and other projects in Bhutan.In a post on X on Sunday, Gautam Adani said, "Absolutely fascinating meeting with Dasho Tshering Tobgay, Hon. Prime Minister of Bhutan. Signed an MoU with DGPC for a 570 MW green hydro plant in Chukha province. Admirable to see @PMBhutan advancing the vision of His Majesty The King and pursuing broad ranging infrastructure initiatives across the kingdom. Looking forward to working closely on hydro & other infra in Bhutan."Adani also met with Bhutan King Jigme Khesar Namgyel Wangchuck and felt inspired by the King's vision for Bhutan and the eco-friendly master plan for .

REC to extend Rs 1,869 cr loan for Kiru hydro project in Jammu & Kashmir

State-owned REC Ltd on Wednesday said it will provide a term loan of Rs 1,869 crore for 624 MW Kiru Hydro Electric Project in Kishtwar, Jammu & Kashmir. The loan will be utilized for development, construction and operation of the project on River Chenab, a statement said. According to the statement, REC has signed an agreement with Chenab Valley Power Project Private Ltd (CVPPPL), under which REC will provide CVPPPL with a financial assistance of Rs 1,869.265 crore as term loan. The project envisages construction of a 135-metre high dam and an underground power house with 4 units of 156 MW each. CVPPPL is a joint venture between NHPC (51 per cent) and JKSPDC (49 per cent). The company was incorporated in 2011. REC finances the entire power-infrastructure sector comprising generation, transmission, distribution, renewable energy and new technologies like electric vehicles, battery storage, pumped storage projects, green hydrogen and green ammonia projects. REC is an NBFC ...

Russia launches 99 drones, missiles on Ukraine's energy system: Israel

Air raid warnings rang out across the country, with 10 Ukrainian regions coming under fire, the country's Interior Minister, Ihor Klymenko, said

Slippery road: India's clean energy drive faces a tricky patch of taxation

The elephant in the room is Rs 7.5 trillion a year in revenues to the exchequer

J&K to be north's power hub after hydro projects completion: Jitendra Singh

Union Minister Jitendra Singh on Saturday said the Kishtwar district of Jammu and Kashmir is all set to emerge as north India's major "power hub after the completion of ongoing power projects with a total capacity of 6,000 MW. The Minister of State in the Prime Minister's office visited the 120-MW Seva-II hydropower project located on Himachal-J&K border near Bani in Kathua district, a part of his Udhampur parliamentary constituency. Reviewing the status of hydropower projects with NHPC, Director (Finance) R P Goyal and other officials, the minister said at least seven major Hydro power projects have come in the region in a short span ever since Narendra Modi took over as Prime Minister in 2014. Talking about the ongoing power projects in Kishtwar, he said the largest capacity project is Pakal Dul with a capacity of 1,000 MW which is expected to be completed by 2025 at an estimated cost of over Rs 8,000 crore. Another major project is Kiru Hydroelectric project with a capacity of .

NHPC pledges to invest Rs 4k cr in 750 MW Kuppa hydro storage project

NHPC has inked an initial pact to invest Rs 4,000 crore in 750 MW Kuppa Pumped Hydro Storage Project at Chhota Udaipur in Gujarat. Taking a step towards clean and green energy, NHPC signed a Memorandum of Understanding (MoU) with Gujarat Power Corporation (GPCL) for investment in Kuppa Pumped Hydro Storage Project (750 MW) on January 3, 2024, a company statement said. According to the statement, the MoU was signed at an event organised at the Secretariat in Gandhinagar under the aegis of 'Vibrant Gujarat'. In the presence of Gujarat Chief Minister Bhupendra Patel, and state Energy Minister Kanubhai Desai, the MoU was signed by Arun Mahesh Babu, Managing Director, GPCL, and V Srivastava, Executive Director, Renewable Energy and Green Hydrogen, NHPC, the statement said. As per the terms of the MoU, the NHPC shall invest an estimated Rs 4,000 crore in the proposed 750 MW Kuppa Pumped Hydro Storage Project at Chhota Udaipur, Gujarat. The implementation of this project will create ...

13 hydropower projects to bring Rs 1.4 trn investment in Arunachal: Singh

As many as 13 under-construction hydroelectric projects with a total generation capacity of 13,000 MW will bring an investment of around Rs 1.4 lakh crore in Arunachal Pradesh, Union Power Minister R K Singh said. Singh visited the 2,000 MW Subansiri Lower Hydroelectric Project located in Arunachal Pradesh / Assam on Monday, a power ministry statement said. The minister inspected the Subansiri project construction sites, namely the dam, intake structures and diversion tunnels in Gerukamukh, Assam. He took stock of the ongoing construction activities and was briefed about the progress. The minister said that besides Subansiri, which is a large project, the Government of Arunachal Pradesh has entered into MoUs with central public sector undertakings for 13 projects, which will amount to a hydroelectric capacity of 13,000 MW in Arunachal. "These projects will bring in investment of around Rs 1.4 lakh crore in the state, resulting in quadrupling of per capita income. And the nation wi

SJVN's Naitwar Mori hydro project's first unit starts commercial operations

The first unit of SJVN's 60 MW Naitwar Mori Hydro Electric Project (NMHEP) in Uttarakhand has started commercial operations. The first unit of 30 MW capacity achieved the Commercial Operation Date (COD) today, the company's CMD Nand Lal Sharma said in a statement on Friday. "The unit has at 60 MW project achieved this COD after going through rigorous testing and successful synchronization with the national grid. With this achievement, the company has now furthered its total generation capacity to 2,122 MW from 2,091.50 MW," he said. It is a run of the river project located on river Tons, a major tributary of river Yamuna in Uttarkashi district in Uttarakhand with two generating units of 30 MW each. The second unit of the project is also expected to be commissioned within this month. The project will generate 265.5 million units of electricity annually and the power will be evacuated through the 37 kilometres-long 220 KV Transmission Line from Bainol to Snail, constructed by SJVN .

India, Bhutan agree to extend energy partnership to non-hydro renewables

The statement said that India and Bhutan enjoy long-standing and exceptional bilateral ties characterized by utmost trust, goodwill, and mutual understanding at all levels

TCPL Green Energy plans to set up manufacturing facility in Jharkhand

TCPL Green Energy Solutions plans to set up a manufacturing facility in Jharkhand to produce hydrogen-based powertrains and battery electric vehicle aggregates and systems, the company said on Friday. Announcing the signing of an initial pact with the Jharkhand Government, the company said it will invest over Rs 350 crore over the next few years to produce fuel-agnostic powertrain solutions including hydrogen Internal Combustion engine (ICE), battery and fuel cell electric vehicle systems as well as fuel delivery systems. This investment will create an anchor enterprise to develop a robust supply ecosystem through value chain creation, the company said. TCPL GES is a wholly-owned subsidiary of Tata Cummins Pvt Ltd. TCPL is a 50:50 joint venture between Tata Motors and the global power technology major, Cummins Inc. The plant is expected to commence production in 2024 in a phased manner with the hydrogen ICE to be rolled out first followed by the battery electric components and fuel