State-owned hydro power major NHPC plans to become a 10-Gw company by 2022. The company has planned a capex of Rs 3,800 crore for the next financial year.
Currently, NHPC operates 7 Gw of hydro power units. It recently acquired the stressed hydro power unit of Lanco in Sikkim. Company executives said they were also eyeing the stressed unit of JAL Power in Sikkim.
In the current financial year, it had a capex realisation of 70 per cent against the capex of Rs 2,577 crore. In FY20, it plans to construct 200 Mw of greenfield units. Recently, NHPC received nod of the Cabinet to take over Lanco’s Teesta-VI (500 Mw) hydro power unit in Sikkim. The investment sanction is at an estimated cost of Rs 5,748 crore.
