Have installed 7,000 mw capacity, will double capacity by FY27, says NHPC

In a recent interview with CNBC-TV18, RP Goyal, the Director-Finance of NHPC, revealed ambitious plans for the company's expansion in the coming years.

“At present our installed capacity is 7,000 megawatt (MW) and by end of FY27 our capacity will be double, we will be a 14,000 MW capacity company,” he said.

Goyal outlined the roadmap for achieving a significant increase in capacity. The company is set to achieve a substantial milestone by FY23, with the hydro sector capacity expected to reach an impressive 22,000 MW.

“By FY32 our capacity will be 22,000 MW in hydro sector,” he added.

One of the key projects contributing to this growth is the Subansiri hydroelectric power plant. Goyal confirmed that the two lower units of the Subansiri project are slated to be commissioned by FY24, adding substantial capacity to NHPC's portfolio.

The Parbati projects, another crucial component of NHPC's expansion strategy, are expected to be commissioned entirely by September 2024.

“It is expected that in next fiscal year, we will commission our 800 MW capacity Parbati II project and by FY25-FY26, we will add two more projects in Subansiri lower 2000 MW capacity project,” he said.

In terms of financial planning, Goyal revealed that NHPC has an annual capital expenditure (capex) ranging between ₹9,000 crore and ₹10,000 crore planned for the current and the next 8-10 years.

“Our current year capex plan is ₹10,800 crore and for the next 8-10 years, the capex will be in the range of ₹9,000-10,000 crore annually,” he said.

Looking ahead, Goyal projected that the FY27 revenues for NHPC are expected to be in the range of ₹18,000 to ₹19,000 crore.

With these ambitious plans, NHPC is poised to play a crucial role in shaping the future of India's energy landscape, ensuring a reliable and sustainable power supply for the nation.

As of December 4, 2023, NHPC's market capitalization stands at ₹59,205 crore. The corporate headquarters of NHPC is located in Faridabad, Haryana, India.