Mumbai, Jan 14: The state-run National Hydel Power Corporation (NHPC), which would need a whopping Rs 1,80,000 crore for the capacity addition of 30,000 mw within next 15 years, would raise Rs 3,000 crore during the fiscal 2001-02.Of which Rs 1,100 crore would come as the government equity and the balance of Rs 1,000 crore would be raised from various financial institutions such as IDBI, ICICI, LIC, UTI. NHPC chairman and managing director Yogendra Prasad told The Financial Express that the company may go in for the bonds issues "as and when required" in a bid to make available necessary funds for completion of ongoing and new hydro power projects in the country.
According to Mr Prasad, of the 30,000 mw, nearly 5,200 mw would be added during the 10th plan, while 12,500 mw would be added in 11th plan and 13,800 mw would be added in the 12th plan. "The per mw investment will be Rs 6 crore," he added.
Mr Prasad said that NHPC, which has earned a profit of Rs 401.20 crore during 1999-00, would complete all hydroelectric power projects without any time overrun. The construction of Subansini state-II would be completed by December, 2001. National Hydel Power Corporation has already undertaken the construction of six projects with a total capacity addition of 2,280 mw.
These projects include Dulhansi (Jammu and Kashmir, 390 mw), Dhauliganga-I (UP, 280 mw), Chamer (HP, 300mw), Teesta-V -(Sikkim, 510 mw), Manipur (90 mw) and Koel Karo (Bihar, 210 mw).
Mr Prasad said that the National Hydel Power Corporation proposes to undertake construction at four projects with a total capacity addition of 2,010 mw. These projects included Uri (Jammu and Kashmir, 280 mw), Kishenganj (330 mw), Parbati-II (Himachal Pradesh , 800 mw) and Subansini lower (Andhra Pradesh , 600 mw).
Mr Prasad said that at least three projects with a total capacity of 80 mw would be taken up on a turnkey basis, while three projects with a total capacity of 1,940 mw have been slated for joint venture. The joint venture projects included Indira Sagar (Madhya Pradesh , 1,000 mw), Omkareshwar (Madhya Pradesh, 520 mw) and Lyva (Uttar Pradesh , 420 mw).
NHPC chairman added that the power from joint venture hydel projects would be purchased by the Power Trading Corporation. The security for payment of power purchased from the joint venture projects would be through a letter of credit to be provided by the state electricity boards and recourse to the state's share of central plan allocation and other devolution.
Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
