‘NHPC aims to have installed capacity of 50 GW by 2047’

State-run hydropower company NHPC plans to raise its total installed capacity to 23 gigawatt (GW) by 2032 from its current capacity of 7.2 GW.

- Raj Kumar Chaudhary, Chairman and Managing Director, NHPC

By 2047, the company aims to increase the total capacity to more than 50 GW, its chairman and managing director Raj Kumar Chaudhary tells Arunima Bharadwaj in an interview.

The company is optimistic of increasing its net profit to ₹4,500 crore in the next financial year. The company reported a 37% decline on year in consolidated net profit to ₹1,069.28 crore in the second quarter of the current financial year. Excerpts:

What are the company's upcoming projects and when do you plan to commission these?

Currently, we are operating 28 power stations with a total installed capacity of 7.2 GW. Additionally, 15 projects with a combined capacity of 10,604 MW are under various stages of construction. Out of these, we aim to commission the 800 MW Parbati-II HE Project by March 2025 and three units of 250 MW each of the 2000 MW Subansiri Lower HE Project by May 2025.

Upon completion, these projects will collectively contribute an additional 6,500 million units in electricity generation in the next financial year. The commissioning of the Parbati-II HE project will not only increase our installed capacity by 800 MW but will also enhance generation from the Parbati-III Power Station.