The government has proposed to increase the total investment by eight state-owned power companies by about five per cent to Rs 51,470.14 crore for financial year 2022-23. This compares to revised estimate of Rs 49,006.30 crore for the current financial year.
According to the budget document presented in Parliament on Tuesday, Satluj Jal Vidyut Nigam — the public sector undertaking (PSU) under the administrative control of Ministry of Power, witnessed the highest increase at Rs 8,000 crore in 2022-23, from the budgeted as well as revised estimate of Rs 5,000 crore for 2021-22.
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The investment by hydro power giant NHPC
In case of Power Grid Corporation of India Ltd (PGCIL
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In case of NTPC
Tehri Hydro Development Corporation will invest Rs 3,207.54 crore in next fiscal, compared to revised estimates of Rs 2,693.93 crore for 2020-21. The budget estimates for the company was Rs 2,730 crore for the current fiscal.
According to the Budget document, total expenditure of the power ministry has also been pegged slightly higher at Rs 16,074.74 crore for 2022-23, compared to revised estimates as well as budget estimates of Rs 15,322 crore for 2021-22.