Seven power PSUs plan to invest over Rs 53,200 cr in FY'13

Seven power PSUs plan to invest over Rs 53,200 cr in FY'13

Last Updated: Sunday, March 18, 2012, 19:14
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Seven power PSUs plan to invest over Rs 53,200 cr in FY'13 New Delhi: The budget has proposed an outlay of Rs 53,296.87 crore for seven power sector PSUs, including major power producers NTPC and NHPC, PowerGrid Corp and Damodar Valley Corp, in the next fiscal.

Of the total sum, a budgetary support of Rs 350.37 crore in the form of loans and Rs 164 crore in the form of equity would be provided by the government.

NTPC accounts for 40 percent of the total outlay at Rs 20,995 crore for the next fiscal, according to the budget proposals.

Central transmission utility PowerGrid Corp would make a capital expenditure of Rs 20,000 crore.

NHPC would invest Rs 4,097 crore, of which Rs 270.37 crore would be raised through loans, in 2012-13.

Damodar Valley Corp will make an investment of Rs 5,572 crore during the same period.

Meanwhile, Shillong head-quartered NEEPCO (North Eastern Electric Power Corp) has estimated its expenditure for the next fiscal at Rs 1,271.79 crore, of which Rs 80 crore would come from loans and Rs 54 crore would be budgetary support from the central government.

Tehri Hydro Development Corp would receive a support of Rs 110 crore to meet its targeted investment of Rs 565.39 crore during the period.

Satluj Jal Vidyut Nigam, operator of India's largest hydro power project Nathpa Jhakri Hydro Power Station with an installed capacity of 1,500 MW, would spend close to Rs 800 crore in 2012-13.

The current power generation capacity of the country stands at 1,87,550 MW. The government plans to add about 1,00,000 MW in the 12th Five Year Plan Period (2012-17).

First Published: Sunday, March 18, 2012, 19:14
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