interim dividend of Rs 0.92 per equity share for the FY16.
The PSU also posted the highest plant availability factor (PAF) of 78 per cent. Board members of NHPC said the company has been approached by states to join hands, to run privately-owned projects.
“We have a cash reserve of Rs 6,000 crore and if we look to acquire any projects, we would have to sepnd just 30 per cent equity amount. However, we are not looking to invest equity in any of the stranded projects. We might just take up operations on contract basis,” said K M Singh, chairman and managing director, NHPC.
Earlier it was reported that privately held hydro projects totalling Rs 1 lakh crore had applied to NHPC to either form a joint venture or take over the operations.
The cumulative power generation at all the NHPC stations stood at 21,460 million units as on January, 2016. NHPC currently has an installed capacity of 6,507 Mw, of which 4,987 Mw is on standalone basis.
“In the current financial year, we are expecting 160 Mw by commissioning two units of TLDP-IV in West Bengal. By end of 12th Plan, we aim to add 1,702 Mw in our current installed capacity of which six projects of 1,212 Mw have already being commissioned,” said Singh.
The Miniratna PSU that is seeking a Navaratna status is among the top-10 companies in the country in terms of investment with an installed power generation capacity of 5,702 MW, including 1,520 MW implemented through joint ventures (JV). Seven projects with a total capacity of 4,095 MW are under construction. NHPC will also be developing a 1,320 MW thermal power project along with Chattisgarh government in that state. It is also planning for developing grid connected 50 MW wind and 100 MW solar power projects.