National Hydroelectric Power Corporation

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National Hydroelectric Power Corporation, also known as NHPC came into existence in 1975. It is an enterprise under the Indian government and started off with ` 2,000 million worth of authorized capital.

The NHPC was set up as a fully integrated unit for hydroelectric power in India that would take care of all aspects pertaining to planning, organizing, and promoting hydroelectric power in India. Recently, the National Hydroelectric Power Corporation has also grown to enfold dimensions such as geothermal energy, wind energy, and tidal energy within its perimeters to such as extent that the company now has an authorized capital of ` 150,000 million and an investment base of approximately ` 250,000 million. This has led to NHPC becoming one among the top ten companies in the country from the point of view of investment and in 2006-07 the power stations belonging to NHPC achieved a record power generation of more than 13,000 MU. During the same financial year, the company attained a sales figure of ` 19,630 million and earned a net profit worth ` 9,248 million.

Objectives of NHPC:

The National Hydroelectric Power Corporation was set up with the objective of attaining world-class standards in every stage of hydroelectric project management and allied activities. The company also seeks to implement its projects in an economical manner, while paying attention to the overall welfare of the society at large. The National Hydroelectric Power Corporation lays a lot of emphasis on continually upgrading its technology, enhancing its research and development facilities, and adhering to best practices within the industry.

As of now, the National Hydroelectric Power Corporation is in the process of implementing as many as 13 projects with a total capacity of more than 5500 MW. The NHPC has grown to such a large extent now that it can independently handle each and every stage of complicated hydroelectric projects in India. The net value of all assets owned by NHPC is ` 254,000 million, while it has a paid up capital of ` 111,982 million. The company has power stations located at strategic regions such as Madhya Pradesh, Manipur, Himachal Pradesh, Sikkim, Jammu & Kashmir, and Uttarakhand.

The company also deals in consultancy services and is certified with ISO 9001 and ISO 14001. NHPC has earned quite a reputation for itself in the domain of consultancy projects and it is a registered consultant with the likes of the World Bank, Consultancy Development Center, Asian Development Bank, and Central Water Commission. In 2003-04 alone, NHPC received consultancy projects worth ` 9740 lakh. In 2006-07, the company received consultancy payments to the tune of ` 2663 lakh. The National Hydroelectric Power Corporation is headed by Mr. S.K. Garg who is the Chairman and Managing Director.