Hydro Power

Pumped hydro capacity to cross 10 GW yearly from FY29, says CEA chief

CEA chairperson Ghanshayam Prasad said India will add 2.8 GW pumped hydro annually till 2027 and over 10 GW a year from 2028-29 to reach 57 GW capacity by 2032

JSW Neo Energy signs deal with UPPCL for 1,500 MW pumped hydro storage

JSW Energy on Thursday said its subsidiary JSW Neo Energy Ltd has signed an agreement with Uttar Pradesh Power Corporation Ltd for the procurement of pumped hydro energy storage. "JSW Neo Energy has signed a pumped hydro storage power procurement agreement (PHSPPA) with Uttar Pradesh Power Corporation Ltd. (UPPCL) for procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage," the company said. The PHSPPA is for the supply of energy storage capacity for a period of 40 years where the company will be entitled to receive a fixed capacity charge of Rs 77.2 lakh per MW per annum. The project, located in Sonbhadra district, Uttar Pradesh, will be capable of a scheduled discharge of 8 hours (with maximum continuous 6 hours) per day. The project is expected to be commissioned in the next 6 years. Subsequent to this, the company's total locked-in energy storage capacity now stands at 28.3 GWh, which includes 26.4 GWh of PSP. The company is well-positioned to achieve its target

SJVN releases ₹269.98 cr land compensation for Etalin project in Arunachal

In a significant development for hydro-power development in Arunachal Pradesh, Satluj Jal Vidyut Nigam (SJVN) Limited has released Rs 269.98 crore as land compensation for the 3,097 MW Etalin hydro-electric project (HEP) in Dibang Valley. The amount was deposited into the joint account of the deputy commissioner and district land revenue and settlement officer (DLRSO) on March 26. This was confirmed during a review meeting chaired by Chief Minister Pema Khandu in Tawang on Thursday. Deputy Chief Minister Chowna Mein, Chief Secretary Manish Gupta, Power Commissioner Sonam Chombay, and other senior officials were present, according to an official communiqu issued on Friday. Etalin hydro-electric project head Shiraj Swan formally handed over the compensation cheque to Dibang Valley deputy commissioner Pagli Sora. The Etalin project, along with four other hydro-electric projects in the district with a total installed capacity of 5,097 MW, was handed over to SJVN by the state governmen

HP inks MoUs with Telangana for Seli and Miar hydro electric power projects

The Himachal Pradesh government on Saturday inked a Memorandum of Understanding (MoU) with the Government of Telangana for establishing 400 MW Seli and 120 MW Miar Hydro Electric Power Projects in Lahaul-Spiti district. The MoUs were signed by Secretary Power Rakesh Kanwar on behalf of the HP government and Principal Secretary of Power Sandeep Kumar Sultania on behalf of the Telangana government in the presence of Chief Minister Sukhvinder Singh Sukhu and Deputy Chief Minister of Telangana Bhatti Vikramarka Mallu, a statement issued here said. Both the projects are expected to be set up with an estimated cost of Rs 6,200 crore on the bank of Chenab river and are set to generate direct and indirect employment to about 5,000 youth of the state. As per the agreement, the Telangana government has paid Rs 26 crore as upfront premium and after the commissioning of both these projects, HP will receive 12 per cent, 18 per cent and 30 per cent free power for the first 12 years, next 18 years

Adani Green Energy arm bags 1250 MW pumped hydro storage project from UPPCL

Adani Green Energy on Tuesday said its arm Adani Saur Urja has bagged an order from Uttar Pradesh Power Corporation (UPPCL) for procurement of 1,250 MW energy storage capacity from pumped hydro storage projects. Adani Saur Urja, a wholly-owned subsidiary of the company, has received a Letter of Award (LOA) from UPPCL in this regard. The capacity is secured through the e-Reverse Auction conducted by UPPCL, a regulatory filing said. According to the statement, the Annual Fixed Cost payable under the LOA stood at Rs 76,53,226 per MW per annum (taxes extra) for the entire period of 40 years from the commercial operation date.

NTPC, EDF India collaborate for PSP to explore avenues in distribution

State-owned power giant NPTC and EDF India, an arm of French firm Electricite de France, have joined hands to set up pumped hydro storage and hydro projects bundled with renewable energy projects, and explore opportunities in the distribution business. NTPC and EDF India have signed a non-binding term sheet to develop, own, operate and maintain pumped storage projects and any other hydro-power projects, a statement said. Under the agreement signed by the two entities on Sunday, NTPC and EDF propose to form a JVC with 50: 50 Partnership after requisite approval from the Government of India. This JV company will undertake such projects on its own or may create JV and subsidiaries for undertaking such projects within India and neighbouring countries, the statement said. The JV will also develop hydro projects bundled with other Renewable Energy projects and explore opportunities in the distribution business.. NTPC Ltd is India's largest integrated power utility, contributing one-fourt

China approves world’s largest hydropower dam in Tibet: Why is India concerned?

China has approved the construction of the world’s largest hydropower dam in Tibet. The move has reignited tensions between India and China because of the dam's geographically strategic location.

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