Renewable energy, especially hydro energy, plays a pivotal role in India’s journey toward sustainable development. Hydro energy, derived from water, is a reliable and clean power source that contributes significantly to electricity production. With India’s electricity demand surging due to rapid urbanization and industrial growth, the need for sustainable energy solutions is more pressing than ever.
The Indian government has committed to achieving net-zero carbon emissions by 2070, emphasizing promoting renewable energy. Policies like subsidies, tax incentives, and infrastructure development for solar, wind, and hydro projects are being implemented to meet this goal. Hydro energy, with its dual benefits of power generation and water management, is instrumental in reducing dependence on fossil fuels while ensuring energy security.
Recent Update
The installed capacity as of the current fiscal year (FY 23-24) is 5,451 MW. NHPC plans a progressive capacity addition of 800 MW, bringing the total installed capacity to 6,251 MW by the next fiscal year (FY 24-25).
The company also plans to push the capacity further by another 2000 MW to 8,251 mW by FY26-27
Additionally, NHPC has announced a progressive regulated equity plan. The existing regulated equity as of FY 23-24 is Rs. 12,884 Crore, which is expected to increase to Rs. 22,906 crore cumulative regulated equity by FY 26-27
Overall, NHPC’s capacity expansion and regulated equity plans demonstrate its commitment to growing India’s hydroelectric power generation and contributing to the country’s renewable energy goals.
Share Price
The shares of NHPC Limited are trading at Rs. 82.35 up by 0.45% from its previous close of Rs. 81.98 as of December 4, 2024. The stock also jumped to an intraday high of Rs. 83.27.
About the Company
NHPC Limited, a Mini Ratna Category-I Public Sector Enterprise, is the Government of India’s leading hydroelectric generation company. With a robust installed capacity of 7,097 MW, including 6,971 MW from hydroelectric projects and 126 MW from renewable energy sources, NHPC significantly contributes to India’s energy mix.
Operating 25 power stations across 13 states, the company accounts for 15% of the country’s total installed hydropower capacity on a consolidated basis. It specializes in the generation and bulk sale of power to various utilities, ensuring a reliable and sustainable energy supply.
In addition to power generation, NHPC also undertakes project management, construction contracts, consultancy services, and power trading. Its diversified operations reflect its commitment to excellence in energy infrastructure development, supporting India’s goals of sustainability and energy security.
Conclusion
NHPC Limited’s capacity expansion and regulated equity plans demonstrate its steadfast commitment to supporting India’s renewable energy goals. By investing in the growth of its hydroelectric power generation capabilities and increasing its regulated equity, the company is poised to play a pivotal role in diversifying the country’s energy mix and ensuring a sustainable energy future.
Written By: Dipangshu Kundu
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