NHPC Secures ?20 Billion Loan

16 May 2024 CW Team

The loan agreement was formalised in the presence of top officials from both organisations. NHPC?s Chairman and Managing Director, Mr. Abhay Kumar Singh, expressed optimism about the partnership, highlighting its potential to accelerate the company's renewable energy initiatives. The loan will be utilised for various green projects, including hydroelectric power plants and solar energy projects, aligning with India's commitment to reducing carbon emissions and enhancing energy security.

JBIC?s Governor, Mr. Tadashi Maeda, reiterated Japan's commitment to supporting sustainable energy projects globally. He emphasised the strategic importance of this loan in fostering clean energy collaborations between Japan and India. The funding is expected to facilitate the implementation of advanced technologies and best practices in NHPC's projects, ensuring efficiency and sustainability.

NHPC, known for its significant contribution to India's renewable energy sector, aims to utilise this financial support to expand its renewable energy portfolio. The company plans to increase its capacity in hydro and solar power, contributing to India's ambitious targets of achieving 175 GW of renewable energy capacity by 2022 and 450 GW by 2030.

This collaboration marks a significant step towards strengthening Indo-Japanese ties in the energy sector. It underscores the growing global focus on renewable energy investments and the importance of international cooperation in addressing climate change. The ?20 billion loan from JBIC not only provides NHPC with the necessary capital but also facilitates knowledge exchange and technological advancement.

Overall, this partnership is poised to accelerate India's transition towards a greener energy mix, enhancing its efforts to combat climate change and achieve sustainable development goals. It signifies a robust financial and strategic alliance, leveraging international expertise and resources to drive progress in renewable energy.

NHPC, India's leading hydropower company, has signed a pact with Japan Bank for International Cooperation (JBIC) for a ?20 billion loan. This agreement aims to bolster NHPC's renewable energy projects, promoting sustainable development in India. The loan agreement was formalised in the presence of top officials from both organisations. NHPC?s Chairman and Managing Director, Mr. Abhay Kumar Singh, expressed optimism about the partnership, highlighting its potential to accelerate the company's renewable energy initiatives. The loan will be utilised for various green projects, including hydroelectric power plants and solar energy projects, aligning with India's commitment to reducing carbon emissions and enhancing energy security. JBIC?s Governor, Mr. Tadashi Maeda, reiterated Japan's commitment to supporting sustainable energy projects globally. He emphasised the strategic importance of this loan in fostering clean energy collaborations between Japan and India. The funding is expected to facilitate the implementation of advanced technologies and best practices in NHPC's projects, ensuring efficiency and sustainability. NHPC, known for its significant contribution to India's renewable energy sector, aims to utilise this financial support to expand its renewable energy portfolio. The company plans to increase its capacity in hydro and solar power, contributing to India's ambitious targets of achieving 175 GW of renewable energy capacity by 2022 and 450 GW by 2030. This collaboration marks a significant step towards strengthening Indo-Japanese ties in the energy sector. It underscores the growing global focus on renewable energy investments and the importance of international cooperation in addressing climate change. The ?20 billion loan from JBIC not only provides NHPC with the necessary capital but also facilitates knowledge exchange and technological advancement. Overall, this partnership is poised to accelerate India's transition towards a greener energy mix, enhancing its efforts to combat climate change and achieve sustainable development goals. It signifies a robust financial and strategic alliance, leveraging international expertise and resources to drive progress in renewable energy.

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Infrastructure Energy

14 Oct 2025

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

Infrastructure Energy

14 Oct 2025

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..