The National Hydro Electric Power Corporation NHPC which has no power plant South of Vindhyas is trying to correct the situation by planning a token presence in Southern India by implementing solar and wind power projects
The company has announced at its Annual General Meeting that it plans to float a 500 MW Solar power project each in Odissa and Telegana and 50 MW plant under Ultra Mega Renewable Energy Parks.
The Company has received in-principle approval from MNRE for enhancement of Solar Park capacity (from 100 MW to 140 MW) in Odisha, which envisages development of two projects of 40 MW and 100 MW. Possibilities are also being explored for development of other utility scale solar projects in different States/UTs such as Telangana (293 MW), Tamil Nadu (2 X 25 MW) and Leh (50 MW).
NHPC has 20,000 MW installed capacity power stations including JVs
The National Hydro Electric Power Corporation has 20,000 MW installed capacity power stations including JVs. The company is having 2,800 MW capacity under construction and hydroelectric projects having 5,945 MW capacity are under clearance or approval stage said its Chairman A K Singh. Almost all the projects are situated in Northern India
NHPC Limited hosted its 44th Annual General Meeting (AGM) through video conferencing from its Corporate Office, Faridabad on September 29th. The management of the company recommended a dividend of Rs.1.50 per equity share for the year 2019-20, which is inclusive of interim dividend of Rs.1.18 per equity share paid in March, 2020. Mr Singh, CMD, NHPC addressed the shareholders at the AGM wherein members of NHPC Board and Company Secretary, NHPC were also present.
Total revenue of Rs. 9,771.59 crore Company had earned
Mr Singh informed that the Company had earned a total revenue of Rs. 9,771.59 crore, revenue from operations (net) of Rs. 8,735.41 crore and Net Profit After Tax (PAT) of Rs. 3,007.17 crore during the FY 2019-20.
Mr Singh also said that NHPC had achieved its highest ever annual generation of 26,121 Million Units (MUs) surpassing the previous highest generation of 24,193 MUs during financial year 2018-19. He spoke about the successful acquisition of LancoTeesta Hydro Power Limited as a wholly owned subsidiary company for the implementation of TeestaVI HE Project(500 MW) in Sikkim through Corporate Insolvency Resolution Process (CIRP). Similarly, the company has been declared as successful resolution applicant by the Committee of Creditors of Jal Power Corporation Limited, a company implementing Rangit Stage-IV HE Project (120 MW) in Sikkim. The shareholders were also informed about the receipt of stage-II forest clearance for Dibang Multipurpose Project (2800 MW).