Thursday, May 23, 2013: India’s hydro power sector which has been facing crisis in terms of capacity addition due to stalled projects in Gujarat and Maharashtra, might soon get a new lease of life with THDCILIL, a Mini Ratna public sector company recently having announced a slew of fresh investments.
According to the recently finalised corporate plans, THDCIL will invest Rs 24,000 crore over the next 10 years in the sector. “The total investment envisaged during the ten year period is around Rs 24,000 crore, to be funded through debt and equity, with equity largely coming from internal resources and joint venture partners,” says R S T Sai, CMD, of THDCIL, which is headquartered in Rishikesh.
Interestingly, THDCIL has also announced its intention to foray into other areas of renewable energy development, which include sources such as solar and wind energy, according to Sai. “We are also looking at inorganic growth options that include joint ventures and strategic investments as powering future engines of growth,” he says.
At present, the overall THDCIL income is estimated to be pegged at 1,400 Mw. In FY 2012 the company grew at a steady rate registering an income of Rs 20,551 million vis-a-vis Rs 16,893 million in the corresponding period last fiscal. This was an increase of 21.65 per cent. More importantly, NHDC registered a profit quotient of Rs 7,038 million the year 2011-12 as against the previous year’s profit of Rs 6,005 million with a jump of 17.20 percent.
The company generated 4,591.26 MU of energy during the year 2011-12 against the target of 3,334 MU. The company is working on various projects like Tehri PSP (1000 Mw), Vishnugad Pipalkoti (444 Mw) and others in the hill state.
