Page 3 - Hydro Power

Hydro power giant NHPC pays Rs 249 crore dividend to government for 2020-21

State-owned hydro power giant NHPC has paid the final dividend of Rs 249.44 crore to the government for 2020-21. NHPC has paid a final dividend of Rs 249.44 Crore to the Government of India for 2020-21 on October 21, a power ministry statement said. According to the statement, NHPC CMD AK Singh handed the payment intimation advice to R K Singh, Union Minister for Power and New & Renewable Energy, here on October 26, 2021, in the presence of Power Secretary Alok Kumar. In addition, it said that an interim dividend of Rs 890.85 crore for 2020-21 was paid on March 05, 2021, aggregating a total dividend of Rs 1,140.28 crore for 2020-21. The Board of Directors in its meeting held on June 10 had recommended a final dividend at the rate of Rs 0.35 per equity share i.e. 3.50 per cent of the face value for 2020-21, which was approved in AGM on September 29, 2021. An interim dividend at the rate of Rs 1.25 per equity share i.e. 12.50 per cent of the face value was paid on March 05, ...

State-owned NHPC net profit rises 80% to Rs 464 crore in March quarter

Electricity generation is the principal business activity of the group, and its primary source of revenue is from generation and sale of hydroelectricity.

JSW Hydro Energy raises $ 707 million via green bonds overseas

JSW Energy on Tuesday said that its arm JSW Hydro Energy has raised USD 707 million through green bonds abroad. "JSW Hydro Energy raises USD 707 million from international bond markets through debut Green Bond Issue under 144A / Reg S format," a JSW Energy statement said. According to statement, JSW Hydro Energy has priced the fixed rate senior secured green 144A/Reg S Bond for a 10-year tenor at 4.125 per cent. The proceeds from the issuance will be used towards repayment of existing green project-related rupee-denominated indebtedness, it said. The green bond framework for the company's debut bond transaction has been reviewed by Sustainalytics, who has issued a second party opinion. The company engaged with several investors on a global deal roadshow across Hong Kong, Singapore, London, New York and Los Angeles. Backed by an extremely strong investor feedback, the transaction was launched with an initial price guidance of 4.500 per cent area and tightened by 37.5 bps (basis po

JSW Hydro Energy raises $707 million in debut 10-year green bond issue

Offer generates good response, closes at much lower rate than initially guided

Every hydroelectric project must release minimum water downstream: NGT

The National Green Tribunal has directed state pollution control boards to ensure the release of minimum water downstream by hydroelectric projects, saying business or commercial interests cannot override the requirement of maintaining riverine ecology. A bench headed by NGT Chairperson Justice Adarsh Kumar Goel said every hydroelectric project (HEP) irrespective of the date of its commission is under an obligation to release minimum water downstream This is a mandate of Sustainable Development' which is part of the right to life. Accordingly, the tribunal directed compliance by all the Hydro-Electric Projects (HEPs), including in States of Uttarakhand, Sikkim, Arunachal Pradesh, West Bengal (North Region), Assam and Jammu & Kashmir, the bench said. Environmental flow describes the quantity, timing, and quality of water flows required to sustain freshwater and estuarine ecosystems and the human livelihoods and wellbeing that depend on these ecosystems. The tribunal junked the ...

50 yrs since evacuation: Evacuees of HP's Pong Dam await rehabilitation

About 8,000 families are still awaiting rehabilitation--they have either not been allotted land in Rajasthan or had their allotments cancelled by the state

The 'stunner' from India

India's rooftop solar installations are a little over 10% of the 40-Gw target set for 2022

NTPC may have to pay Rs 10,000 cr for NEEPCO, THDC hydro power plants

The stake sale would be only disinvestment proposal this year where a state-owned entity would pick up government equity in another public sector undertaking

Future thermal power plants at risk as water stress increases: Study

Existing water shortage has already forced 61 thermal power plants to shut down between 2013 and 2017, leading to 17,000 gigawatt hours of lost generation

Energy ministers' meet: Hydro power revival back on discussion table

Union Power Minister R K Singh acknowledges acute coal shortage, allows import by states

Government fast-tracks hydro projects in Kashmir

Pakistan has opposed some of these projects before, saying they violate a World Bank-mediated treaty

Revised cost of Hydro project in Bhutan approved

Total escalation for the project, at this stage, is Rs 3,513 crore; cost estimate doubles to Rs 7,290 crore

Hydro power in dire need of revival as solar, wind race ahead

Capacity of hydropower projects has remained around 40,000 Mw for the past three years, while that of the renewable energy has increased about 20% during the same period

Govt plans push for hydro power

Ambit of small projects to be increased from 25 Mw to 100 Mw

Centre to fastrack implementation of 3 hydro plants in Sikkim

The three stalled plants - Panan, Teesta VI and Rangit IV - in Sikkim have total generation capacity of 920 Mw