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Apraava Energy bags 250-MW solar project from NHPC via auction route

Apraava Energy on Thursday said it bagged a 250-MW solar energy project from state-owned NHPC Ltd. The project, won through the e-reverse auction mechanism at a walk-out tariff of Rs 2.53 per kWh, is scheduled to be completed within 24 months, a company statement said. This is Apraava's first greenfield solar power project through the auction route. The interstate transmission system (ISTS) connected solar energy project has been awarded by the NHPC Ltd in Rajasthan, the statement said. Rajiv Ranjan Mishra, Managing Director, Apraava Energy, said in the statement, "We are excited to strengthen our solar energy portfolio with this win in Rajasthan, a pivotal state driving the growth of renewable energy in India." The Power Purchase Agreement (PPA) between the NHPC and Apraava Energy is for a period of 25 years from the scheduled commissioning date. As part of the agreement, Apraava Energy will be responsible for design, construction and operation of the project for the PPA tenure.

NHPC pledges to invest Rs 4k cr in 750 MW Kuppa hydro storage project

NHPC has inked an initial pact to invest Rs 4,000 crore in 750 MW Kuppa Pumped Hydro Storage Project at Chhota Udaipur in Gujarat. Taking a step towards clean and green energy, NHPC signed a Memorandum of Understanding (MoU) with Gujarat Power Corporation (GPCL) for investment in Kuppa Pumped Hydro Storage Project (750 MW) on January 3, 2024, a company statement said. According to the statement, the MoU was signed at an event organised at the Secretariat in Gandhinagar under the aegis of 'Vibrant Gujarat'. In the presence of Gujarat Chief Minister Bhupendra Patel, and state Energy Minister Kanubhai Desai, the MoU was signed by Arun Mahesh Babu, Managing Director, GPCL, and V Srivastava, Executive Director, Renewable Energy and Green Hydrogen, NHPC, the statement said. As per the terms of the MoU, the NHPC shall invest an estimated Rs 4,000 crore in the proposed 750 MW Kuppa Pumped Hydro Storage Project at Chhota Udaipur, Gujarat. The implementation of this project will create ...

Singapore's Sembcorp renewables' unit gets 300 MW solar project from NHPC

The project will be funded by internal funds and debt, and is expected to be ready for commercial operation in 2026, the energy and urban solutions provider said

Gensol to develop NHPC's green hydrogen mobility station project in Laddakh

Gensol Engineering Ltd on Thursday said it has emerged as the lowest bidder for NHPC's Kargil Green Hydrogen Mobility Station EPC Project in Laddakh. Gensol has secured this project by demonstrating techno-commercial competency in collaboration with Matrix Gas & Renewables Ltd (Matrix), the company said in a statement. Gensol will develop a 500-kW grid-connected, ground-mounted solar power project that will provide energy to the hydrogen refuelling station. The scope of work includes the entire balance of plant EPC encompassing the green hydrogen system installation, storage, and dispensing facilities, in addition to the requisite civil and electrical infrastructure for the integrated solar and hydrogen operation in Ladakh, it said. The project is to be commissioned by the National Hydroelectric Power Corporation Ltd. (NHPC). The project is slated for completion within 12 months from the issuance of the work order. Ali Imran Naqvi, CEO-BD & Project Management of Gensol ...

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 net profit rises marginally to Rs 1,693 crore in September quarter

State-owned hydro power giant NHPC on Monday posted a marginal rise in its consolidated net profit to Rs 1,693.26 crore compared to a year ago. Its consolidated net profit was Rs 1,685.81 crore in the quarter ended September last year, a BSE filing showed. Total income dipped to Rs 3,113.82 crore in the reporting quarter from Rs 3,477.93 crore recorded in the same period a year ago.

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

Stocks to Watch today: Adani Group, DMart, HDFC Life, TaMo, Dalmia Bharat

Stocks to watch on Monday, October 16, 2023: Ceat, Cyient DLM, Federal Bank, Jio Financial and Yatra Online among 24 companies to announce results today.

NHPC's two hydropower plants in Sikkim affected due to flash floods

State-owned NHPC's two hydro power plants in Teesta Basin in Sikkim have been affected following flash floods on Wednesday. According to a BSE filing, the two affected projects are Teesta-V Power Station (510 MW) and Teesta-VI (500 MW), being executed by Lanco Teesta Hydro Power Ltd, a wholly-owned subsidiary of NHPC. "It is also to inform that considering the emergent situation, all units of Teesta-V Power Station have been shut down," the filing said. Detailed assessment of losses/ damages will be carried out after the water level recedes.

BHEL stock powers up on improved prospects for growth, new orders

Many analysts though are bearish due to state-owned firm's muted financials and likely low valuation

NHPC, APGENCO to set up hydel, renewable energy projects in Andhra Pradesh

State-owned NHPC has inked an initial pact with the Andhra Pradesh Power Generation Corporation to set up pumped storage hydropower and other renewable energy projects in Andhra Pradesh. In the first phase, the Memorandum of Understanding (MoU) envisages building of two pumped hydro storage projects having a total capacity of 1,950 MW, an official statement said. These projects will be established at Kamalapadu (950 MW) and Yaganti (1,000 MW). Once ready, these projects are expected to create significant employment opportunities and boost the local economy. The projects will be implemented as a joint venture. NHPC has signed the MoU with Andhra Pradesh Power Generation Corporation (APGENCO) for implementation of pumped hydro storage projects and renewable energy projects in Andhra Pradesh, according to the statement. The MoU was signed at Tadepalli in Andhra Pradesh's Guntur on Wednesday in the presence of Chief Minister Y S Jagan Mohan Reddy. The agreement was signed by NHPC Dir

NHPC signs pact with RITES to construct railway siding for 2,880 MW Dibang

State-owned hydro power giant NHPC has inked an initial pact with RITES to construct railway siding for a 2,880 MW Dibang multipurpose project in Arunachal Pradesh. "NHPC signed an MoU with RITES for Construction of Railway Siding at Pasighat (Arunachal Pradesh) for NHPC's 2,880 MW Dibang Multi Purpose Project at NHPC Corporate Office on 21st August 2023," a company statement said. According to the statement, the agreement was signed by General Manager (Civil) Dibang and Executive Director, RITES, in the presence of Biswajit Basu, Director (Projects) NHPC at corporate office of NHPC. NHPC's total installed capacity is 7,097.2 MW of renewable power (including wind and solar) through its 25 power stations, including 1,520 MW through its subsidiary. RITES Ltd is a leading player in the transport consultancy and engineering sector in India, having diversified services across sectors and geographical reach. The strategic partnership between NHPC and RITES complements the expertise of b

Parminder Chopra takes over as first full-time women PFC Chairman, MD

State-owned Power Finance Corporation (PFC) on Wednesday said Parminder Chopra has taken over as its first full-time women Chairman and Managing Director. "Parminder Chopra has been appointed as Chairman and Managing Director (CMD) of PFC by the Government of India from 14th August 2023. Previously, she was holding the additional charge of Chairman and Managing Director (CMD) from June 1, 2023, and was Director (Finance), PFC, since July 1, 2020," a company statement said. With this, the company said, Chopra becomes the first woman to lead India's largest non-banking finance company PFC. During her term as Director (Finance), she spearheaded the Finance Division, leading to the highest net profit, highest net worth and lowest NPA levels. Such robust financial performance has also facilitated PFC getting the highest status of 'Maharatna'. She also played a key role in the successful implementation of the Rs 1.12 lakh crore Liquidity Infusion Scheme (LIS) for the power distribution .

Arunachal transfers 11 Gw stalled hydropower projects to Central PSUs

The state govt signed MoA with three central PSUs - NHPC Ltd, SJVN Ltd and NEEPCO

NHPC posts 4% rise in consolidated net profit to Rs 1,095 cr in Q1

State-owned hydro power giant NHPC on Friday posted a 4 per cent rise in its consolidated net profit to Rs 1,095.38 in the June quarter compared to the year-ago quarter mainly on the back of higher revenues. The consolidated net profit of the company was Rs 1,053.76 crore in the quarter ended on June 30, 2022, a BSE filing showed. The total income of the company increased to Rs 3,010.22 crore in the quarter from Rs 2,886.95 crore in the same period a year ago. The NHPC Ltd is India's premier hydropower company. Its total installed capacity is 7097.2 MW of renewable power (including Wind & Solar) through its 25 power stations including 1520 MW through subsidiary.

PSU shares in demand: SJVN, NHPC, RVNL, RITES hit fresh lifetime highs

At 12:45 pm; the S&P BSE PSU and S&P BSE CPSE index were up 1 per cent each, as against 0.10 per cent decline in the S&P BSE Sensex.

NHPC to develop 2,000 MW of pumped storage, renewable projects in Odisha

State-owned NHPC Ltd has inked an initial pact with an Odisha state utility to develop 2,000 MW of pumped storage projects and 1,000 MW renewable energy in the state. The MoU signed with GRIDCO Ltd envisages setting up self-identified pumped storage projects of at least 2,000 MW and renewable energy projects (Ground-Mounted Solar Projects / Floating Solar Projects) of at least 1,000 MW in the state, a power ministry release said. The MoU was signed on 23rd June 2023, by Executive Director (Strategy Business Development and Consultancy), NHPC, Rajat Gupta and Managing Director, GRIDCO Limited, Trilochan Panda, it stated.

India gears up to start mega hydropower project near China border

State-run hydropower company NHPC Ltd. will start trial runs in July for the Subansiri Lower project that runs through the states of Assam and Arunchal Pradesh in the country's north-east

Pumped storage projects may create 7,000 jobs in Maharashtra: NHPC

The MoU sets the stage for the establishment of four pumped storage projects, which will have a combined capacity of 7,350 MW

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Stocks to watch on June 2, 2023: From Adani Enterprises to NHPC, here are top stocks to watch in Friday's trading session