Nhpc Solar Project

NHPC up 3% as unit commissions 88 MW Omkareshwar Floating Solar Power Plant

The project cost is Rs 589.16 crore, NHPC said in a statement.

Power giant NHPC pays final dividend of Rs 338.5 cr to Centre for FY24

State-owned hydro power giant NHPC on Monday said it has paid a final dividend of Rs 338.51 crore to the Government of India for 2023-24. In addition, an interim dividend of Rs 947.82 crore for 2023-24 was paid on March 5, 2024, aggregating a total dividend of Rs 1,286.33 crore for the entire fiscal year, the company said in a statement. "NHPC has paid a final dividend of Rs 338.51 crore to Government of India for the FY2023-24 on September 20, 2024," a company statement said. The dividend payout bank advice was presented to Union Minister of Power and Housing and Urban Affairs Manohar Lal Khattar by NHPC CMD R K Chaudhary on Monday, it said. The company's board of directors in its meeting on May 17, 2024 recommended a final dividend at the rate of Rs 0.50 per equity share i.e. 5 per cent of the face value for 2023-24 that was approved in the annual general meeting on August 28, 2024. In addition, an interim dividend at the rate of Rs 1.40 per equity share, or 14 per cent of the f

Jakson Green inks pact with NHPC for supply of 400 MW solar power

New energy transition platform Jakson Green on Wednesday said it has inked a pact with state-owned NHPC for the supply of 400 MW solar power. Jakson Green has signed its first Power Purchase Agreement (PPA) with NHPC Ltd, a company statement said. This agreement marks a significant milestone for Jakson Green, solidifying its position as a fast-growing Independent Power Producer (IPP) with a total portfolio of 1 GW under development, the statement added. "We are thrilled to embark on this agreement with NHPC, the first of many more to come. This 400 MW PPA, our largest to date, with NHPC is a monumental achievement for Jakson Green," Kannan Krishnan, Joint Managing Director, Jakson Green Pvt Ltd said. This new project will be located in Rajasthan and connected to the central grid, with an expected clean energy generation sufficient to power around four lakh households annually. Contributing to the elimination of nearly 752,000 MT/year of CO2 emissions, the project will also create

NHPC bags 200 MW solar project in Khavda Renewable Energy Park in Gujarat

State-run hydro power giant NHPC has bagged a 200 MW solar project which will be set up at Gujarat State Electricity Corporation's 1,125 MW renewable energy park at Khavda, in Gujarat. The e-reverse auction for the project was conducted by GUVNL (Gujarat Urja Vikas Nigam) on March 2, 2024 and the Letter of Intent was issued on March 14, 2024, a company statement said. The project was secured at a tariff of Rs 2.66 per unit and will be completed in a period of 18 months. The project will generate about 473 million units in the first year of commissioning and the cumulative generation from the project over a period of 25 years would be about 10,850 million units. The NHPC will develop the project on a build-own-and-operate basis at a tentative development cost of about Rs 847 crore.

NHPC to set up 1,200 MW solar project in UP at Rs 797 cr investment

State-owned NHPC expects to complete the proposed 1,200 MW solar power project entailing an investment of Rs 796.96 crore in Uttar Pradesh in two years, the company said on Tuesday. Prime Minister Narendra Modi on Monday laid the foundation stone of the solar project through virtual mode. NHPC in an exchange filing stated that the Jalaun Ultra Renewable Energy Power Park at Orai in the Jalaun district of Uttar Pradesh will be developed by its subsidiary, Bundelkhand Saur Urja Ltd, at an investment of Rs 796.96 crore. "The park is proposed to be constructed in 24 months from the investment approval and will generate about 2,400 MUs (million units) of electricity every year," NHPC said. NHPC, under the Ministry of Power, is the largest hydropower development organisation in India, with capabilities to undertake all the activities from conceptualisation to commissioning of hydro projects. The Faridabad-based company has also diversified into solar and wind energy development.

Institutional buyers put in bids worth Rs 6,000 cr for NHPC share sale

The government's 3.5 per cent share sale offer in NHPC on Thursday received an enthusiastic response from institutional investors, who put in bids worth over Rs 6,000 crore. In the two-day offer for sale (OFS), the government is selling over 35 crore equity shares in power producer NHPC, including a greenshoe option to sell 10 crore more, at a floor price of Rs 66 a share. At the floor price of Rs 66/share, the OFS would fetch about Rs 2,000 crore to the exchequer. The OFS would open for retail investors on Friday. "Offer for Sale in NHPC received enthusiastic response from non-retail investors today. The issue was subscribed 4.03 times of the base size (non-retail category). Govt has decided to exercise the green shoe option," the Department of Investment and Public Asset Management (DIPAM) Secretary said in a post on X. Institutional investors put in bids for 91.16 crore shares at an indicative price of Rs 68.50 a piece. The bids are worth Rs 6,000 crore cumulatively. Shares of

Avaada Energy secures 1,400 MW solar project in bidding hosted by NHPC

Avaada Energy on Tuesday said it has bagged a 1,400 MW solar project under tariff-based competitive bidding hosted by state-run hydro power giant NHPC Ltd. The project won through an e-reverse auction process showcases Avaada Energy's commitment to competitive pricing with a winning tariff of Rs 2.53 per kWh, as per a company statement. "Avaada Energy, a key player in the Avaada Group's diversified portfolio is proud to announce its latest achievement -- securing a 1,400 MWp Solar Project through an e-reverse auction hosted by NHPC Ltd, the Renewable Energy Implementing Agency of the Government of India," a company statement said. The power purchase agreement will span a period of 25 years, with the project slated for completion within a 24-month timeframe. Upon commissioning, the solar facility is projected to produce an estimated 2,500 million units of renewable energy each year, contributing significantly to India's green energy supply and powering nearly 1.8 million rural ...

NHPC suffered expected loss of Rs 233.56 cr due to flash floods in Sikkim

State-run hydro power giant NHPC on Wednesday said it suffered an expected loss of Rs 233.56 crore due to flash floods in its Teesta-VI hydro power project in Sikkim. The project was affected due to flash floods in Teesta basin on October 4, 2023. "Teesta-VI Hydro Electric Project, Sikkim (500 MW) being executed by Lanco Teesta Hydro Power Ltd, a wholly-owned subsidiary of NHPC Ltd, which was affected due to flash flood in Teesta Basin on October 4, 2023," the company said in a regulatory filing. The expected quantum of loss/ damage caused due to the natural calamity/ other force majeure events is Rs 233.56 crore approximately, it said. The company further said that all assets/ works of Teesta-VI HE project are insured under the Construction All Risk (CAR) Policy, subject to excess clause and loss limit. Insurance amount claimed and realised by the listed entity for the loss/ damage is "Nil" (as on date), it informed. However, it said that the formal claim shall be lodged and amo

NHPC bags 200MW project worth Rs 1,007.6 cr from Urja Vikas Nigam

State-run hydro power giant NHPC on Wednesday said that it has received a letter of intent to build a 200 MW solar power project worth Rs 1007.60 from Gujarat Urja Vikas Nigam. "Gujarat Urja Vikas Nigam Ltd (GUVNL) had issued a Letter of Intent dated 16.05.2023 to NHPC Limited for 200 MW capacity Solar Power Project within600 MW GSECL's Solar Park at Khavda (GSECL Stage-1)," a BSE filing stated. The estimated financial implication for the said solar power project would be Rs.1,007.60 crore (approximately).

India to triple renewable projects auctions as 2030 green target looms

The nation is accelerating project installations to hit a goal to have 500 gigawatts of clean energy generation capacity in 2030

NHPC conducts e-reverse auction for 2000 MW solar project amid lockdown

The bidding was undertaken on April 16 under the e-reverse auction method where the bidder quoting the lowest tariff is awarded the project.

NHPC to develop 40-Mw solar power project in Odisha for Rs 1.96 bn

The hydropower generator has also expressed its willingness to participate in the 1,000-Mw solar power park scheme coming up in Odisha