Hydro Power

Sikkim yet to utilise untapped hydropower potential, says CM Tamang

Sikkim Chief Minister Prem Singh Tamang on Thursday said the Himalayan state till now has utilised only 27.5 per cent of its 8,000 MW power potential. He was speaking at the Business 20 (B20) conference organised as part of India's G20 presidency. " We have only utilised 2,200 MW till now and the scope for Hydropower, clean and green energy is ample in Sikkim, said the chief minister at the conference on Opportunities for multilateral business partnership in Tourism, Hospitality, pharmaceuticals, and organic farming. Urging the delegates to consider Sikkim as a good investment destination, Tamang said a total of 55 pharmaceutical companies from within the country are currently established in the state. Delegates from 24 countries will participate in the B20 conference being organised by the Confederation of Indian Industry (CII), Tamang told a press conference on Wednesday. "Organic Tourism is what Sikkim can offer, we are the first organic state in the world and have been recogn

NHPC pays interim dividend of Rs 997.75 crore to govt for 2022-23

State-owned hydro power giant NHPC has paid an interim dividend of Rs 997.75 crore to the government for 2022-23. "NHPC has paid an interim dividend of Rs 997.75 crore to government of India for the financial year 2022-23 on 2nd March 2023," a company statement said. The NHPC had already paid Rs 356.34 crore to the government during the current fiscal 2022-23 on account of final dividend for the financial year 2021-22. Thus, the NHPC has paid total dividend of Rs 1,354.09 crore to the government during the financial year 2022-23. NHPC today has more than eight lakh shareholders and total interim dividend pay-out for the financial year 2022-23 worked out to Rs 1,406.30 crore. NHPC had earned a net profit of Rs 3,264.32 crore for the nine months ended FY23 as against the previous period corresponding figure of Rs 2,977.62 crore. The company had earned a net profit of Rs 3,537.71 crore for the financial year 2021-22.

NHPC net profit declines 12.59% to Rs 776 crore for December quarter

State-owned hydro power giant NHPC has posted a 12.59 per cent decline in its consolidated net profit to Rs 775.99 crore for the December 2022 quarter, mainly due to higher expenses. The consolidated net profit of the company was Rs 887.76 crore in the quarter ended December 2021, showed a BSE filing on Tuesday. Its total income rose to Rs 2,691.34 crore in the quarter from Rs 2,373.72 crore a year ago. Expenses increased to Rs 1,303.06 crore from Rs 1,259.28 crore in the year-ago period. The board of the company has also announced the interim dividend at the rate of 14 per cent (Rs 1.40 per equity share) on the face value of paid-up equity shares of Rs 10 each for the financial year 2022-23.

Centre approves Rs 2,614-cr investment for Sunni Dam hydro power project

The government on Wednesday approved Rs 2,614.51 crore investment for the 382 MW Sunni Dam Hydro Electric Project by state-owned SJVN Ltd in Himachal Pradesh. "The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the investment for 382 MW Sunni Dam Hydro Electric Project in Himachal Pradesh by SJVN Ltd, for an estimated cost of Rs 2,614.51 crore, including Rs 13.80 crore as budgetary support from Government of India for the cost of enabling infrastructure," an official statement said. Ex-post facto approval is given for cumulative expenditure incurred amounting to Rs 246 crore till January 2022, it added. ?The project cost of Rs 2,614 crore included hard cost amounting to Rs 2,246.40 crore, Interest During Construction (IDC) and Financing Charges (FC) of Rs 358.96 crore and 9.15 crore, respectively, the statement said. The revised cost sanctions for cost variations due to quantity changes (including additions/ alterations/ extra items) and

Bhutan DGPC handed keys to Indian-backed 720 Mw Mangdechhu hydro project

The India-assisted 720 Megawatts Mangdechhu Hydroelectric Power Project has been handed to Druk Green Power Corporation (DGPC) in Bhutan.The handover was held in Thimphu on December 27 in a ceremony that was witnessed by Bhutan's Minister of Economic Affairs Lyonpo Loknath Sharma and India's Ambassador to Bhutan, Sudhakar Dalela.With the handing over of the project, India and Bhutan have successfully completed four mega hydroelectric power projects, Bhutan's Ministry of Economic Affairs said in a statement.The 720 MW project Mangdechhu Hydroelectric Power Project was jointly inaugurated by Prime Minister Narendra Modi and his Bhutanese counterpart Lotay Tshering in 2019. The commissioning of the project has increased Bhutan's Electrical Power Generation Capacity by 44 per cent and it is now at 2,326 Mega Watts, according to the statement released by Bhutan's Ministry of Economic Affairs.Indian Embassy in Bhutan tweeted, "Amb @SudhakarDalela joined Lyonpo Loknath Sharma to witness ...

ISTS charges waived on transmission of electricity from new hydro projects

The government has set an ambitious plan to have 500 GW of generation capacity from non-fossil energy-based sources by 2030

Yamuna Kumar Chaubey gets charge of NHPC chairman and managing director

State-owned hydro power giant NHPC on Thursday said that its Director (Technical) Yamuna Kumar Chaubey has been given the charge of Chairman and Managing Director for three months beginning September 1. Abhay Kumar Singh ceased to be the Chairman and Managing Director (CMD) of the company with effect from August 31, 2022, upon attaining the age of superannuation, a BSE filing said. Further, it said that the power ministry in its letter dated August 31 conveyed the decision of the competent authority to assign the charge of CMD to Chaubey for a period of three months from September 1, 2022 or till a regular incumbent joins the post, or until further orders, whichever is the earliest. Chaubey, 59, is a graduate in Civil Engineering from IIT, Kharagpur. He joined NHPC Limited in 1985 as a Probationary Executive (Civil) at 540 MW Chamera Hydro-Electric Project, now Chamera-I Power Station, Himachal Pradesh. At present, Chaubey is Director (Technical) in NHPC and is also holding the ...

NHPC to sell hydro power to PTC India from upcoming Nepal projects

State-run hydro power giant NHPC has inked a pact with PTC India to supply electricity to be generated from upcoming West Seti & Seti River-6 projects in Nepal, a statement said on Tuesday. The MoU was signed by NHPC CMD A.K. Singh and Dr. Rajib K. Mishra, CMD, PTC India Limited. As per the MoU, PTC shall purchase the Contracted Capacity from NHPC from date of commercial operation of the projects for onward sale to the state utilities/discoms/bulk consumers on long term basis in India and neighbouring countries. The PTC India shall also endeavour to sell any untied capacity on medium/short term basis or on power exchanges, it stated.

NHPC inks pact with Himachal Pradesh govt for 500 MW Dugar hydro project

State-owned hydro power giant NHPC has inked a pact with the Himachal Pradesh government for the implementation of 500 MW Dugar Hydroelectric Project in Chamba district. "Implementation agreement for 500 MW Dugar Hydro Electric Project located in Chamba district, Himachal Pradesh, was signed between NHPC Limited and government of Himachal Pradesh on August 26, 2022 at Shimla," a statement said. The agreement was signed in the presence of Jai Ram Thakur, Chief Minister, Himachal Pradesh, and A K Singh, Chairman & Managing Director, NHPC Limited. The document was signed by Suresh Kumar, General Manager (E), NHPC, and Harikesh Meena, Director (Energy), Directorate of Energy (DoE), Himachal Pradesh. Earlier, a Memorandum of Understanding (MoU) for 449 MW Dugar Hydro Electric Project was signed between NHPC and government of Himachal Pradesh on September 25, 2019. Subsequent to signing of the MoU, NHPC carried out detailed survey and investigations, techno-economic studies and ...

JSW Energy signs PPA with 35-yr validity with Haryana Power Purchase Centre

JSW Energy on Monday announced signing a power purchase agreement (PPA) with Haryana Power Purchase Centre (HPPC) for the supply of 240-megawatt 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