Merger of hydropower companies proposed
POWER & RENEWABLE ENERGY

Merger of hydropower companies proposed

State-owned hydropower company NHPC is planning to merge with two other public sector hydro companies, THDC India Ltd and North Eastern Electric Power Corp. Ltd (Neepco). The merged entity is expected to have a market capitalization of around ₹70,000 crore.

The proposal to form a mega hydropower company comes at a time when the government is looking at increasing the share of hydropower in the country's energy mix. Currently, with 46.85 GW of installed capacity, hydropower forms 11.2% of the total installed power capacity in the country.

The Centre also plans to boost pumped hydropower storage projects. Last month, the power ministry came up with the guidelines for pumped storage projects and said that it would support them through concessional climate finance and rationalized environment clearances.

Last year, the government issued renewable purchase obligation norms to be followed till FY2029-30, which mandated the use of hydropower by distribution companies. According to rating agency ICRA, India would have to add 18 GW of hydropower by 2030 to meet its hydropower purchase obligation.

Also Read
5.58 lakh homes could be completed in 2023 across 7 cities
AAI reports Rs 34 billion profit, rebounds with surging revenues

State-owned hydropower company NHPC is planning to merge with two other public sector hydro companies, THDC India Ltd and North Eastern Electric Power Corp. Ltd (Neepco). The merged entity is expected to have a market capitalization of around ₹70,000 crore. The proposal to form a mega hydropower company comes at a time when the government is looking at increasing the share of hydropower in the country's energy mix. Currently, with 46.85 GW of installed capacity, hydropower forms 11.2% of the total installed power capacity in the country. The Centre also plans to boost pumped hydropower storage projects. Last month, the power ministry came up with the guidelines for pumped storage projects and said that it would support them through concessional climate finance and rationalized environment clearances. Last year, the government issued renewable purchase obligation norms to be followed till FY2029-30, which mandated the use of hydropower by distribution companies. According to rating agency ICRA, India would have to add 18 GW of hydropower by 2030 to meet its hydropower purchase obligation. Also Read 5.58 lakh homes could be completed in 2023 across 7 cities AAI reports Rs 34 billion profit, rebounds with surging revenues

Next Story
Infrastructure Urban

Afcons shares gain momentum with Bhopal Metro Line 2 project

Afcons Infrastructure made a quiet debut on the stock market on Monday but quickly gained momentum after emerging as the lowest bidder for the Bhopal metro project line 2 package.The Bhopal Metro Phase 1 project’s 12.915 km Blue Line (Line-2) will link Bhadbhada Chauraha and Ratnagiri Tiraha, spanning 13 elevated stations. This package, issued by the Madhya Pradesh Metro Rail Corporation (MPMRCL), involves constructing all 13 stations of the Blue Line’s viaduct. The depot will also be shared with the Orange Line (Karond Circle to AIIMS) for maintenance and stabling purposes.Afcons’ exten..

Next Story
Infrastructure Transport

Locals urge CM to opt for road bypass over flyover at Dandeavaddo

Chinchinim villagers respectfully requested Pramod Sawant, Chief Minister, to instruct the Public Works Department (PWD) and the National Highway authorities to construct a road bypass instead of a flyover on the Dandeavaddo stretch of NH66. The villagers, led by Sarpanch Frank Viegas and Velim MLA Cruz Silva, also raised the long-standing issue of building the Chinchinim Panchayat Ghar and a multi-purpose project on panchayat land that was acquired more than 15 years ago. The delegation met the Chief Minister at the St. Sebastian Chapel junction in Chinchinim as he was returning home from a..

Next Story
Infrastructure Transport

MLA Yashpal Suvarna Announces Malpe-Udupi Highway Construction from Nov 6

MLA Yashpal Suvarna instructed officials to commence work on the Malpe-Udupi Highway on Wednesday. A meeting took place, attended by MP Kota Shrinivas Poojary, Udupi MLA Yashpal Suvarna, and Kaup MLA Suresh Shetty Gurme, to discuss the National Highway 169A project, which spans from Malpe to Udupi, covering areas like Hiriyadka, Parkala, and Perdur. The project had experienced delays due to incomplete land acquisition, but compensation notices have now been issued to the landowners. Of the 214 land acquisition files, 19 pertain to government land, while 195 involve private owners. Notices ha..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000