Power sector PSU NHPC accorded with Navratna company status
NHPC Limited
has been accorded with the prestigious status of ‘Navratna’ company by the
Government of India. As per order issued by Department of Public Enterprise
(Ministry of Finance) on 30.08.2024, NHPC has been declared a ‘Navratna
Company, thereby giving it greater operational and financial autonomy.
RK Chaudhary, CMD, NHPC said, “This is a truly
historic moment for the NHPC family and recognition of our remarkable financial
and operational accomplishments.” He expressed gratitude on behalf of the NHPC
family to the Ministry of Power for their unwavering trust in NHPC and their
support which has resulted in conferring Navratna status to NHPC by Government
of India. Chaudhary also said that, “NHPC has been an important player in the
Indian power sector and has played a key role in tapping the hydropower
potential of the country. We are a complete green power company which has also
diversified in wind and solar energy
options.”
The conferring of Navratna status brings forth
key advantages to NHPC. It will enable faster decision-making, increase
efficiency and empower employees. It will support major CAPEX and investment
plans, drive growth, expand market reach and achieve long-term gains. NHPC will
have enhanced powers to establish joint ventures and overseas offices, access
new markets and leverage local expertise. Additionally, it will foster
innovation by furthering technological alliances and strengthening market
positioning. It will also facilitate mergers and acquisitions leading to growth
and increased market share.
Currently, NHPC's total installed capacity is 7144.20 MW
and the company is presently engaged in the construction of projects
aggregating to 10442.70 MW. These include the 2000 MW Subansiri Lower project
(Assam/ Arunachal Pradesh) and 2880 MW Dibang Multi-purpose project (Arunachal
Pradesh). At present, NHPC is working on more than 50000 MW capacity projects
which are under various stages of development. NHPC is steadfastly working
towards achieving an installed capacity of 23000 MW by 2032 and 50000 MW by
2047.