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India’s NHPC nets higher profits

India’s National Hydroelectric Power Corporation (NHPC) has earned net profits of US$95M during the fiscal year 2000-2001, up 10.4% from the preceding year. The sales turnover also moved up marginally to US$265M, meaning profit figures are the highest since federal owned NHPC was set up 25 years ago.

The company is however still owed US$560M by the state utilities to which it has sold power in previous years.

Apart from major projects, this fiscal year will see NHPC taking up certain selected small hydro projects. It has already been entrusted with the development of the 30MW Nimmo Bazgo and 18MW Chutak in the state of Jammu and Kashmir. It is also undertaking investigation work of three small hydro projects in the Maharashtra state. Bav-1, Bav-2 and Deoli, have a total estimated potential of 81MW.