PSU NEWS
NHPC revises its strategy, to focus on thermal projects
New Delhi: NHPC Ltd has decided to also focus on developing thermal power plants in India in a move that will put it in direct competition with another state-owned company, NTPC Ltd. The main reason would seem to be the long-gestation period of hydropower projects as well as delays in clearances.
With projects that will generate 3,808.5 megawatts (MW) delayed due to issues such as disputes between states, geological surprises and resistance from the local population and no new projects coming its way, NHPC is in talks with the Bihar government to jointly develop two coal-fuelled projects of 1,320 MW, each requiring an investment of around Rs.14,000 crore.
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