Power producer THDC to roll out Rs 500 bn expansion plan
POWER & RENEWABLE ENERGY

Power producer THDC to roll out Rs 500 bn expansion plan

Uttarakhand-based THDC India Ltd (formerly Tehri Hydroelectric Development Corporation), long considered a minor player in the electricity generation field, is on a roll with a Rs 400-500 billion plan to raise capacity to over 40,000 MW by straddling thermal, pump storage, wind and solar generation as well as captive coal mining in the next two to three years.

The state-run company is looking at an initial public offering (IPO) two years from now and a trading licence to gain operational flexibility, chairman Rajeev Vishnoi said.

“THDC started in 1989 with the Tehri hydel plant. It was too big for a new company. We faced many issues. We focused on completing the plant and developing expertise. No one talked about expansion then. Now that we have established our competence and have the expertise, it is natural to expand for future growth,” Vishnoi told a newspaper.

The company expects to commission its first thermal project at Khurja in Uttar Pradesh early next year. But it will launch the captive coal mine - Amelia in Madhya Pradesh - this year. “There is big demand for coal. The government has allowed captive miners to sell surplus in the market,” Vishnoi said.

THDC is poised to notch up another milestone in the current financial year by commissioning the world’s largest pump storage power plant in Tehri.

See also:
Tangedco invites bids for short-term power purchase agreements
Ayodhya to be without overhead power cables by 2023


Uttarakhand-based THDC India Ltd (formerly Tehri Hydroelectric Development Corporation), long considered a minor player in the electricity generation field, is on a roll with a Rs 400-500 billion plan to raise capacity to over 40,000 MW by straddling thermal, pump storage, wind and solar generation as well as captive coal mining in the next two to three years. The state-run company is looking at an initial public offering (IPO) two years from now and a trading licence to gain operational flexibility, chairman Rajeev Vishnoi said. “THDC started in 1989 with the Tehri hydel plant. It was too big for a new company. We faced many issues. We focused on completing the plant and developing expertise. No one talked about expansion then. Now that we have established our competence and have the expertise, it is natural to expand for future growth,” Vishnoi told a newspaper. The company expects to commission its first thermal project at Khurja in Uttar Pradesh early next year. But it will launch the captive coal mine - Amelia in Madhya Pradesh - this year. “There is big demand for coal. The government has allowed captive miners to sell surplus in the market,” Vishnoi said. THDC is poised to notch up another milestone in the current financial year by commissioning the world’s largest pump storage power plant in Tehri.See also: Tangedco invites bids for short-term power purchase agreementsAyodhya to be without overhead power cables by 2023

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code