Page 5 - Nhpc

NHPC suffered expected loss of Rs 233.56 cr due to flash floods in Sikkim

State-run hydro power giant NHPC on Wednesday said it suffered an expected loss of Rs 233.56 crore due to flash floods in its Teesta-VI hydro power project in Sikkim. The project was affected due to flash floods in Teesta basin on October 4, 2023. "Teesta-VI Hydro Electric Project, Sikkim (500 MW) being executed by Lanco Teesta Hydro Power Ltd, a wholly-owned subsidiary of NHPC Ltd, which was affected due to flash flood in Teesta Basin on October 4, 2023," the company said in a regulatory filing. The expected quantum of loss/ damage caused due to the natural calamity/ other force majeure events is Rs 233.56 crore approximately, it said. The company further said that all assets/ works of Teesta-VI HE project are insured under the Construction All Risk (CAR) Policy, subject to excess clause and loss limit. Insurance amount claimed and realised by the listed entity for the loss/ damage is "Nil" (as on date), it informed. However, it said that the formal claim shall be lodged and amo

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NHPC's two hydropower plants in Sikkim affected due to flash floods

State-owned NHPC's two hydro power plants in Teesta Basin in Sikkim have been affected following flash floods on Wednesday. According to a BSE filing, the two affected projects are Teesta-V Power Station (510 MW) and Teesta-VI (500 MW), being executed by Lanco Teesta Hydro Power Ltd, a wholly-owned subsidiary of NHPC. "It is also to inform that considering the emergent situation, all units of Teesta-V Power Station have been shut down," the filing said. Detailed assessment of losses/ damages will be carried out after the water level recedes.

BHEL stock powers up on improved prospects for growth, new orders

Many analysts though are bearish due to state-owned firm's muted financials and likely low valuation

NHPC, APGENCO to set up hydel, renewable energy projects in Andhra Pradesh

State-owned NHPC has inked an initial pact with the Andhra Pradesh Power Generation Corporation to set up pumped storage hydropower and other renewable energy projects in Andhra Pradesh. In the first phase, the Memorandum of Understanding (MoU) envisages building of two pumped hydro storage projects having a total capacity of 1,950 MW, an official statement said. These projects will be established at Kamalapadu (950 MW) and Yaganti (1,000 MW). Once ready, these projects are expected to create significant employment opportunities and boost the local economy. The projects will be implemented as a joint venture. NHPC has signed the MoU with Andhra Pradesh Power Generation Corporation (APGENCO) for implementation of pumped hydro storage projects and renewable energy projects in Andhra Pradesh, according to the statement. The MoU was signed at Tadepalli in Andhra Pradesh's Guntur on Wednesday in the presence of Chief Minister Y S Jagan Mohan Reddy. The agreement was signed by NHPC Dir

NHPC signs pact with RITES to construct railway siding for 2,880 MW Dibang

State-owned hydro power giant NHPC has inked an initial pact with RITES to construct railway siding for a 2,880 MW Dibang multipurpose project in Arunachal Pradesh. "NHPC signed an MoU with RITES for Construction of Railway Siding at Pasighat (Arunachal Pradesh) for NHPC's 2,880 MW Dibang Multi Purpose Project at NHPC Corporate Office on 21st August 2023," a company statement said. According to the statement, the agreement was signed by General Manager (Civil) Dibang and Executive Director, RITES, in the presence of Biswajit Basu, Director (Projects) NHPC at corporate office of NHPC. NHPC's total installed capacity is 7,097.2 MW of renewable power (including wind and solar) through its 25 power stations, including 1,520 MW through its subsidiary. RITES Ltd is a leading player in the transport consultancy and engineering sector in India, having diversified services across sectors and geographical reach. The strategic partnership between NHPC and RITES complements the expertise of b

Parminder Chopra takes over as first full-time women PFC Chairman, MD

State-owned Power Finance Corporation (PFC) on Wednesday said Parminder Chopra has taken over as its first full-time women Chairman and Managing Director. "Parminder Chopra has been appointed as Chairman and Managing Director (CMD) of PFC by the Government of India from 14th August 2023. Previously, she was holding the additional charge of Chairman and Managing Director (CMD) from June 1, 2023, and was Director (Finance), PFC, since July 1, 2020," a company statement said. With this, the company said, Chopra becomes the first woman to lead India's largest non-banking finance company PFC. During her term as Director (Finance), she spearheaded the Finance Division, leading to the highest net profit, highest net worth and lowest NPA levels. Such robust financial performance has also facilitated PFC getting the highest status of 'Maharatna'. She also played a key role in the successful implementation of the Rs 1.12 lakh crore Liquidity Infusion Scheme (LIS) for the power distribution .

Arunachal transfers 11 Gw stalled hydropower projects to Central PSUs

The state govt signed MoA with three central PSUs - NHPC Ltd, SJVN Ltd and NEEPCO

NHPC posts 4% rise in consolidated net profit to Rs 1,095 cr in Q1

State-owned hydro power giant NHPC on Friday posted a 4 per cent rise in its consolidated net profit to Rs 1,095.38 in the June quarter compared to the year-ago quarter mainly on the back of higher revenues. The consolidated net profit of the company was Rs 1,053.76 crore in the quarter ended on June 30, 2022, a BSE filing showed. The total income of the company increased to Rs 3,010.22 crore in the quarter from Rs 2,886.95 crore in the same period a year ago. The NHPC Ltd is India's premier hydropower company. Its total installed capacity is 7097.2 MW of renewable power (including Wind & Solar) through its 25 power stations including 1520 MW through subsidiary.

PSU shares in demand: SJVN, NHPC, RVNL, RITES hit fresh lifetime highs

At 12:45 pm; the S&P BSE PSU and S&P BSE CPSE index were up 1 per cent each, as against 0.10 per cent decline in the S&P BSE Sensex.

NHPC to develop 2,000 MW of pumped storage, renewable projects in Odisha

State-owned NHPC Ltd has inked an initial pact with an Odisha state utility to develop 2,000 MW of pumped storage projects and 1,000 MW renewable energy in the state. The MoU signed with GRIDCO Ltd envisages setting up self-identified pumped storage projects of at least 2,000 MW and renewable energy projects (Ground-Mounted Solar Projects / Floating Solar Projects) of at least 1,000 MW in the state, a power ministry release said. The MoU was signed on 23rd June 2023, by Executive Director (Strategy Business Development and Consultancy), NHPC, Rajat Gupta and Managing Director, GRIDCO Limited, Trilochan Panda, it stated.

India gears up to start mega hydropower project near China border

State-run hydropower company NHPC Ltd. will start trial runs in July for the Subansiri Lower project that runs through the states of Assam and Arunchal Pradesh in the country's north-east

Pumped storage projects may create 7,000 jobs in Maharashtra: NHPC

The MoU sets the stage for the establishment of four pumped storage projects, which will have a combined capacity of 7,350 MW

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NHPC partners Nepalese utility to develop 480 MW Phukot hydro project

State-owned hydro power giant NHPC on Thursday inked an initial pact with Nepalese utility Vidhyut Utpadan Company for developing a 480 MW Phukot Karnali hydroelectric project. "On 1st June 2023, a Memorandum of Understanding (MoU) has been exchanged between NHPC Ltd and Vidhyut Utpadan Company Ltd (VUCL), Nepal, in august presence of Prime Minister Narendra Modi and Prime Minister of Nepal Pushpa Kamal Dahal Prachanda' at Hyderabad House, New Delhi, for development of Phukot Karnali Hydro Electric Project (480MW) in Nepal," a company statement said. The Nepal Prime Minister is on a four-day visit to India, which began on Wednesday. The MoU was exchanged by RK Vishnoi, Chairman & Managing Director, NHPC, and VUCL Managing Director Surya Prasad Rijal. The signing of this MOU is a landmark step towards India-Nepal Joint Vision on Power Sector Cooperation. The project will use the flow from the Karnali River for power generation and the generated power will be fed into the ...

NHPC Q4 results: 8% increase in profit after tax at Rs 3,834 crore

NHPC power stations generated 24,907 million units of electricity between 2022-2023

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NHPC bags 200MW project worth Rs 1,007.6 cr from Urja Vikas Nigam

State-run hydro power giant NHPC on Wednesday said that it has received a letter of intent to build a 200 MW solar power project worth Rs 1007.60 from Gujarat Urja Vikas Nigam. "Gujarat Urja Vikas Nigam Ltd (GUVNL) had issued a Letter of Intent dated 16.05.2023 to NHPC Limited for 200 MW capacity Solar Power Project within600 MW GSECL's Solar Park at Khavda (GSECL Stage-1)," a BSE filing stated. The estimated financial implication for the said solar power project would be Rs.1,007.60 crore (approximately).

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CPSE dividend crosses Rs 50,000 crore for second consecutive year

During the current fiscal year (FY23) so far, Rs 50,279 crore has come as dividends from CPSEs