National Hydro Power Corporation is planning to join hands with private sector companies for the development of hydro power projects in the country and has held preliminary discussions with various independent power producers.
NHPC would be looking to partner with private players to develop green field hydro power projects where construction is yet to start. The plan also comes against the backdrop of many private players finding it difficult to move ahead with hydro projects.
Expression of Interest with detailed guidelines have been floated with regard to proposed partnerships with private entities.
Projects will be taken up only when promoters of private sector projects are willing to offer majority stake to NHPC. However, the planned 51% stake stipulation could be diluted since in certain projects, the respective state government itself would be holding at least 26% stake.
NHPC is also considering to diversify into thermal, solar and wind energy projects.
As part of diversification, the company would develop a 1,320 MW thermal power project along with Chhattisgarh Government in that state. It is also planning to develop grid connected 50 MW wind and 100 MW solar power projects.
Currently NHPC has an installed power generation capacity of 5,702 MW.
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