State-run power producer NHPC is hoping to tap lending institutions based abroad in order to raise funds for its hydel power capacity expansion projects, in an effort to beef up its hydel power production capacity by nearly a third to ten gigawatt by 2022.
NHPC’s current generation capacity stands at around 7.1 GW, and the company is looking to shell out a capital expenditure of up to Rs 3,800 crore for the financial year ending March 2020. The company has spent a capex of around Rs 2,000 crore in the previous financial year ended March 2019.
“The government has recognised large hydropower as renewable energy which might help us access cheaper funding from multilateral lending institutions,” said Balraj Joshi, chairman and managing director at NHPC. Read More
Latest posts by newindianexpress.com (see all)
- ICF plans to roll out Train 19 rake this year - May 22, 2019
- Engine of Mysuru-bound express train catches fire, no injuries - May 21, 2019
- Go figure: Railways made Rs 5,366 crore through your cancelled tickets - May 21, 2019