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NHPC to invest ₹84,000 cr to build 20GW of PSP capacity
Mint Hyderabad
|February 17, 2025
The state-run firm is also looking to list its renewable energy arm, NREL, by FY27
India's largest hydropower generation firm, state-run NHPC Ltd, plans to invest around ₹84,000 crore to set up 20 gigawatts (GW) of pumped storage capacity, which would require an overall capex of about ₹1.2 trillion, primarily through joint ventures.
In an interview with Mint, NHPC chairman and managing director Raj Kumar Chaudhary also said that the company is considering listing its renewable energy arm, NHPC Renewable Energy Ltd (NREL), in the next two years.
Speaking of NHPC's pumped storage project (PSP) plans, he said that with an estimated cost of ₹6 crore per megawatt, totalling ₹1.2 trillion for 20GW, NHPC's capital expenditure would vary as per the joint venture agreements. He added that the cost would be in the 70/30 ratio, with NHPC putting in more money.
Dit verhaal komt uit de February 17, 2025-editie van Mint Hyderabad.
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