Focus on Hydropower, Solar and Wind projects
NHPC is in an aggressive mode of expansion and has all-India plans to expand its solar and wind power portfolio alongwith its core business of hydropower development, CMD A.K. Singh said on 11 June 2021 while reporting financial results.
NHPC has established dialogues with concerned authorities across all levels towards exploring newer avenues for development of Hydropower, Solar and Wind projects, he informed.
NHPC recently formed a joint venture company, “Ratle Hydroelectric Power Corporation Limited” with Jammu & Kashmir State Power Development Corporation Ltd (JKSPDC) for the implementation of 850-MW Ratle Hydroelectric Project.
NHPC has also taken over Jal Power Corporation Ltd, for development of 120 MW Rangit Stage-IV Hydroelectric Project in Sikkim.
Further, NHPC has signed MOUs for execution of 5 projects with total installed capacity of 4,134-MW.
“We are focused on completing the projects as per schedule,” he assured of the ongoing developments.
For FY2020-21, NHPC has reported highest ever net profit of Rs.3,233.37 crore on standalone basis, up on Rs.3,007.17 crore last fiscal year.
Revenue from operation for the FY 2020-21 stood at Rs.8,506.58 crore compared to Rs.8,735.15 crore in the last fiscal year.
Consolidated net profit for 2020-21 stood at Rs.3,582.13 crore, compared to Rs.3,344.91 crore in 2019-20.
The total income of the group in 2020-21 was Rs.10,705.04 crore as against Rs.10,776.64 crore in 2019-20.
Despite ongoing Covid-19 pandemic, NHPC Power Stations achieved generation of 24,471 Million Units (MU) in FY 2020-21. #tenders #projects #investment #profit #contracts /#renewables #energy fiinews.com
