Union power minister Piyush Goyal has said that the new exchange traded fund, Bharat 22, will provide a big boost to the power and energy sector infrastructure development plans by helping the government raise necessary funds via disinvestment programme.
State-owned hydro power generator NHPC Ltd’s 330-mw Kishanganga power plant is likely to be commissioned in six months while the 880-mw Parbati –II hydro project will begin operations by October next year
Fourteen under construction hydro power projects of above 25 Mw have been stalled due to various reasons, leading to cost overrun of Rs 25,593.78 crore, the government said on Monday.
Hydro-power major NHPC on Monday said its board will consider this month a proposal to raise Rs 5,000 crore through private placement of corporate bonds.
NHPC has informed the exchanges that TLDP-III (132 MW) and TLDP-IV (160 MW) power stations in West Bengal are under complete shutdown from July 12 and July 13 respectively, as Gorkhaland supporters gheraoed the TLDP-III /TLDP-IV office and forced immediate closure of power generation.
State-run hydro power giant NHPC has awarded an order of Rs 287.48 crore for setting up 50 MW solar power capacities at Theni and Dindigul district of Tamil Nadu to Larson and Tubro Ltd.
The plans for establishing a solar power park capable of generating 50 Megawatts of electricity in Manipur was discussed yesterday at a meeting at New Delhi and the project would most likely be handled by NHPC.
State-owned hydropower producer NHPC, in a regulatory filing, on Friday said its offer to buy back shares worth R2,616 crore opened on Friday.
The board of directors had approved the proposal for buyback of fully-paid shares from all shareholders not exceeding 10% of the paid-up equity capital and free reserves as on March 31, 2016, at a meeting held on February 7, 2017.
State-run hydro power company, NHPC Ltd informed the exchanges on Friday that it has fixed February 20 as record date for Rs. 2,616.59-crore share buyback offer. NHPC’s board has approved a proposal to buy back shares not exceeding 81.13 crore representing 7.33% of total shares at Rs 32.25 for a consideration of Rs. 2,616.59 crore.
The public sector enterprise National Hydro-electrical Power Corporation will spend Rs 470 crore for river protection, erosion control measures and sustainable developmental works for the downstream areas of Subansiri