State-owned NHPC has plans to set up new hydro and solar projects of more than 27,000 MW capacity in nine states and neighbouring country Nepal, the company’s CMD Abhay Kumar Singh said.
The new capacities would come up in Uttar Pradesh, Bihar, Odisha, Rajasthan, Tamil Nadu, Kerala, Maharashtra, Andhra Pradesh and Odisha, Singh told PTI in an interview.
NHPC is in talks with some of these states which have shown interest in the projects. Others will also be engaged for the purpose, the CMD said.
Singh said that Nepal has also shown interest in hydro projects in joint venture with NHPC. Singh had met with the Nepal Prime Minister during his recent visit to that country.
When asked about fund availability for the projects, he said, “At present NHPC will not have a problem in making a capital expenditure of Rs 10,000 crore. We are in profit of about Rs 3,500 crore and it will increase further to Rs 5,000 crore substantially helping us to increase our capex to Rs 13,000 crore.”
Speaking further, he said there were certain NHPC projects especially in the Northeast which were stalled for long. Efforts have been taken to resume them.
The 2,000 MW Subansiri lower hydroelectric project in Assam and Arunachal Pradesh is progressing well. In Dibang also, all hurdles have ended and the 2,880-MW dam project will begin soon.