NHPC to ramp up generation capacity to 5,322 MW by March, 2012

Monday, 27 December 2010 06:00 Suresh Kumar MG
NHPCNational Hydroelectric Power Corporation (NHPC) is set to ramp up its power generation capacity in the country to 5,322 MW by the end of the 11th Five-Year Plan in March, 2012. NHPC had lined up 10 projects with a cumulative generation capacity of 4,502 MW in different parts of the country for completion by the end of the 11th Plan (2007-12), Chairman-cum-Managing Director S K Garg said.

Garg, who was here on a one-day visit, said the projects entailed a cumulative investment of Rs 21,600 crore and the necessary arrangements have been made for flow of funds.

Out of these projects, the 231-MW Stage-III Chamera project on the river Ravi is slated for completion by mid-2011. The Rs 1,405 crore project would generate 1,108.17 million units of electricity per annum at a 90 per cent plant load factor.

What is more, the corporation has already commissioned its 280-MW Dhauliganga hydroelectric project in Uttarakhand , the 390-MW Dulhasti hydroelectric project and 120-MW Sewa-II hydroelectric project in J&K, the 520-MW Omkareshwar hydroelectric project in Madhya Pradesh and the 510-MW Teesta hydroelectric project in Sikkim .

The corporation produced a record 16,960 million units of electricity during the year 2009-10 and also made a foray into the business of thermal and wind power through joint ventures with various state governments, Garg added.

The net profit of the corporation has increased four-fold from Rs 510 crore in 2002-03 to Rs 2,090 crore in 2009-10, the CMD claimed.

NHPC was listed on the NSE and BSE from September, 2009, after its successful initial public officer (IPO) issue raked in Rs 6,000 crore.

Source- Economic Times