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NHPC Company was incorporated on November 7, 1975 under the Companies Act as a private limited company under the name National Hydro Electric Power Corporation Private Limited. The company was converted to a public limited company with effect from April 2, 1986. The promoter of the company is the President of India acting through the MoP, GoI and currently holds 100% of the paid–up share capital of the company.
The company is a hydroelectric power generating company dedicated to the planning, development and implementation of an integrated and efficient network of hydroelectric projects in India. It executes all aspects of the development of hydroelectric projects, from concept to commissioning.
It has developed and constructed 13 hydroelectric power stations and its total installed capacity is currently 5,175 MW. This includes two power stations with a combined capacity of 1,520 MW, constructed and operated through the Subsidiary, NHDC. Its power stations and hydroelectric projects are located predominantly in the North and North East of India, in the states of Jammu & Kashmir, Himachal Pradesh, Uttarakhand, Arunachal Pradesh, Assam, Manipur, Sikkim and West Bengal. The company generated 14,813.16 MUs of electricity in Fiscal 2008.
Presently it is engaged in the construction of 11 additional hydroelectric projects, which are expected to increase the total installed capacity by 4,622 MW. Further eight projects, including one joint venture project, with an anticipated capacity of 5,751 MW, are currently awaiting sanction from the CCEA. Survey and investigation works are being carried out to prepare project proposal reports for nine additional projects, totaling 7,255 MW of anticipated capacity.
The company selectively forms alliances with state governments to undertake project development. Pursuant to an MoU with the government of Madhya Pradesh, it incorporated its subsidiary on August 1, 2000 to take advantage of the hydroelectric potential of the Narmada river basin. In addition, in September 2007 it signed an MoU with the government of Manipur to establish a joint venture to develop the Loktak Downstream hydroelectric project, and in June 2007 it entered into a memorandum of agreement (“MoA”) with the government of Arunachal Pradesh to establish the Dibang project on an own–and–operate basis. Further, on October 10, 2008 it signed an MoU with the JKSPDC, the government of Jammu & Kashmir and PTC to implement the Pakal Dul and other hydroelectric projects in the Chenab river basin with an anticipated aggregate installed capacity of approximately 2,100 MW.
The company has experience in the design, development, construction and operation of hydroelectric projects. It executes and manages all aspects of projects, from front–end engineering design to commissioning and operation and maintenance of the project. It has also been engaged as a project developer for certain projects, where its scope of work is to design, develop and deliver a hydroelectric power station to a client on an agency basis. It also provides contract–based technical, management advisory and consultancy services to domestic and international clients.
Business area of the company:
The company was established to plan, promote and organise an integrated and efficient development of power in all its aspects through conventional and non–conventional sources in India and abroad subject to clause 1(b) including planning, investigation, research, design and preparation of preliminary, feasibility and definite project reports, construction, generation, operation and maintenance of power stations and projects, transmission, distribution, trading and sale of power generated at stations in accordance with the national economic policy and objectives laid down by the Central Government from time to time and release of water and other needs to the State Government as per the agreed parameters.
- 1975 – 76 –Incorporation of the company.
- 1976 – 77 –Transfer of the Loktak hydroelectric project (105 MW) from GoI to the company
- 1977 – 78 –Transfer of the Baira Siul hydroelectric project (180 MW) from GoI to the company
- 1982 – 83 –Baira Siul power station (180 MW) in Himachal Pradesh commissioned
- 1983 – 84– All units of Devighat power station in Nepal commissioned ahead of schedule–Loktak power station (105 MW) in Manipur commissioned
- 1985 – 86 –Hydro Power Training Institute set up at the Baira Siul hydroelectric project to train operators and supervisory staff
- 1986 – 87–First issue of 14% 7 years, redeemable secured non convertible bonds amounting to Rs.143.64 crore–Nuwakot Rural Electrification project in Nepal completed ahead of schedule
- 1987 – 88– Establishment of a satellite telecommunication network taken up to link various projects of the company
- 1989 – 90 –GoI upgraded the company from a Schedule ‘B’ to a Schedule ‘A’ corporation
- 1992 – 93 –A consultancy wing set up to provide a range of specialised services in the investigation,design, construction and operation of hydel projects–Tanakpur power station (120 MW) in Uttarakhand commissioned
- 1994 – 95 –Awarded the lining work of Jawahar Tunnel in Jammu & Kashmir –The company declared its maiden dividend of Rs. 5 crore for the year ending March 31
- 1994The company’s registered office started operating from its present building in Faridabad–Chamera I power station (540 MW) in Himachal Pradesh commissioned
- 1995 – 96–Agreement signed for execution of Kurichhu hydroelectric project (45 MW) in Bhutan
- 1997 – 98 –Uri power station (480 MW) in Jammu & Kashmir commissioned
- 1999 – 2000– Rangit power station (60 MW) in Sikkim commissioned
- 2000 – 01– Three units of 45 MW Kurichhu power station in Bhutan commissioned by the company ahead of schedule–The company and the government of Madhya Pradesh entered into an MoU to exploit the hydro electric potential of the Narmada basin by completing the Indira Sagar and Omkareshwar projects The company and the government of Jammu & Kashmir entered into an MoU to exploit the power potential of the state
- 2002 – 03 –A line of credit for a tenor of 19 years taken from LIC for an amount of Rs. 2,500 crore–The company was accorded ‘AAA’ credit rating for domestic borrowing and ‘BB’ credit rating at par with sovereign rating of international borrowings by Fitch Ratings
- 2003 – 04 –Chamera– II power station (300 MW) in Himachal Pradesh commissioned
- 2004 – 05 –Indira Sagar hydroelectric project (1,000 MW) of NHDC, a joint venture of the company and the government of Madhya Pradesh in Madhya Pradesh commissioned
- 2005–06 –ERP initiated under the name Project Kiran
- 2006 – 07 –The company entered into an agreement with Government of Bhutan for preparation of DPR of Mangdechhu project (672 MW) in Bhutan
- 2007 – 08 –The name of the company changed to its present name NHPC Limited–Dulhasti power station (390 MW) commissioned–Teesta–V power station (510 MW) commissioned–Omkareshwar hydroelectric project (520 MW) of NHDC, a joint venture of the company and the government of Madhya Pradesh, commissioned–The company entered into an MoA with the government of Arunachal Pradesh to execute the Dibang multipurpose hydroelectric project–The company entered into an MoU with the government of Manipur to exploit the hydro electric potential of the tailrace discharge of Loktak Downstream Hydroelectric Project
- 2008 – 09 –The company conferred Mini Ratna Category I status by the GoI–The company entered into an MoU with the government of Jammu & Kashmir, JKSPDC and PTC to incorporate a joint venture to develop the Pakal Dul and other hydro projects in the Chenab River Basin–Incorporation of joint venture company, National Power Exchange Limited, along with NTPC, PFC and Tata Consultancy Services Limited
- 2009–10 –Incorporation of a joint venture company, National High Power Test Laboratory Private Limited, along with NTPC, Powergrid Corporation of India Limited and Damodar Valley Corporation.
- 2005– Solar Energy Society of India Business Leadership Award for Hydropower for the year 2004
- 2006–Enterprise Excellence Award (Certificate of Merit) by the Indian Institution of Industrial Engineering for Financial and Operational Strength for the year 2004–05, Golden Peacock Award to Chamera Power Station I for Environment Management for the year 2006 by the World Environment Foundation
- 2007– Annual Greentech Environment Excellence Silver Award in Hydropower Sector by–Greentech Foundation, New Delhi for Environment Management in Hydropower stations/projects for the Dhauliganga Power Station for the year 2006–Golden Peacock Award to Region II, Banikhet by World Environment Foundation, New–Delhi for Excellence in Environment Management for the year 2007–Water Digest Award for Best Water Management – PSU by Water Digest Private Limited for 2006–07–Srishti G– Cube Awards for Good Green Governance for the year 2005–06–Annual Greentech Environment Excellence Silver Award in Hydropower Sector by–Greentech Foundation, New Delhi for Environment Management in Hydropower stations/projects for Region II, Banikhet for the year 2006–Meritorious Award by SCOPE for Corporate Social Responsibility and Responsiveness for the year 2005–06–Power HR Forum Award for Best Practices as a Corporate Citizen for the year 2005–06–Best Enterprise Award – 2nd Prize by SCOPE – Forum of Women in Public Sector for Women Empowerment Initiatives for the year 2007–Amity Award for Best Corporate Social Responsibility Practices for the year 2007–Performance Excellence Award (Certificate of Excellence) by Indian Institution of–Industrial Engineering for Financial and Operational Strength for the year 2005–06
- 2008– B.M.L. Munjal Award for Excellence in Learning and Development for the year 2007–Golden Peacock Award to Chamera Power Station I for Occupational Health and Safety for the year 2008 by the World Environment Foundation–Performance Excellence Award (Certificate of Merit) by the Indian Institution of Industrial Engineering for Financial and Operational Strength for the year 2006–07–Special Jury Award at Asia Pacific Human Resource Management Congress for Innovative Human Resources Practices for 2007–08–Greentech Environment Excellence Award (Silver Award) 2008 awarded to Tanakpur–Power Station by the Greentech Foundation, New Delhi–Water Digest award for Best Water Management–PSU for 2007–08–SCOPE Meritorious Award for Best Practices in Human Resource Management for 2006–07
- 2009– TERI Corporate Environmental Award 2009–Performance Excellance Award by the Indian Institution of Industrial Engineering–Gold Medal for Outstanding Contribution in Enhancing the Image of India by the Institute of Economic Development–Amity Award for Best Corporate Social Responsibility for 2008
- 2013 NHPC Conferred Indira Gandhi Rajbhasha Award