NHPC will commission 700 MW this fiscal year

NHPC will commission 700 MW this fiscal yearIn current fiscal year, National Hydro Power Corporation (NHPC) will assign 700MW project and has already reserved Rs 4600 crore as capital expenditure related to this project.

Discussing the efforts of NHPC, NHPC Chairman and Managing Director S. K. Garg told reporters that the power major will add 700MW in the current fiscal year in excess of this month’s target
of 120 MW project for Jammu and Kashmir. Current fiscal year runs on company’s XI plan, which has set a target of adding 5322MW by the end of XI plan, and presently it has already added
1030MW.

Mr. Garg said that capital expenditure incurred on this project would be Rs.4600 crore which is more than last year’s budget of about Rs.3800 crore.

He also said current status of power production is 5175 MW.

He said that NHPC has distributed its power generation to different areas like 213 MW Chamera-III (Himachal Pradesh), 132 MW Teesta (West Bengal) and 240 MW Uri and 44 MW Chutak in
J&K IN the current fiscal.

In the meantime, 4000 MW Ultra Mega Power Project (UMPP) at Bedabahal in Orissa was all set to go for receiving its initial bidding process.

Till last year there were 5 UMPP projects and Bedabahal will be government’s sixth UMPP project. Among five UMPP projects three projects have been awarded which are under Reliance

power, they are; Sasan in Madhya Pradesh, Krishnapatnam in Andhra Pradesh and Tilaiya in Jharkhand.

Mundra in Gujarat another UMPP project is executed by Tata Power; this is a power project which aims at commissioning 800MW during the XI plan.

The government has initialize the bidding process of 4000MW project in Chhattisgarh and these power projects has one nodal agency by the name of PFC. All funding of this agency is done by
debt equity ratio of 70:30.