Latest news with #THDCIndia
News18
20-07-2025
- Business
- News18
THDC India raises Rs 600 cr via NCDs
Agency: PTI New Delhi, Jul 20 (PTI) State-owned THDC India raised Rs 600 crore through issuance of non-convertible debentures on private placement basis on July 18, a statement said. The issuance was at a coupon rate of 7.45 per cent with maturity of 10 years. Proceeds of the bonds will be utilized to partly meet debt requirements of ongoing and under construction projects including recoupment of expenditure already incurred and to refinance the existing loans. Sipan Kumar Garg, Director (Finance) and CFO said the bond issue had a base size of Rs 200 crore and a green shoe option of Rs 400 crore, aggregating to a total issue size of Rs 600 crore. THDC India is steadily expanding its portfolio across diverse energy portfolios, and the funds mobilized through this issuance will further strengthen the company's financial position and support its ongoing strategic projects, the statement said. The debt securities will be listed on the Wholesale Debt Market (WDM) Segment of BSE and NSE on July 23, it said. The company has so far issued a total of 13 series of bonds and has successfully raised Rs 10,442 crore from the corporate debt market. PTI ABI ANU Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
26-06-2025
- Business
- Time of India
THDC India to supply 184 MW clean power to Gujarat from Tehri PSP
New Delhi: State-owned THDC India has signed an agreement with the Gujarat government to supply 184.08 MW clean energy from its pumped storage plant (PSP) in Uttarakhand. The agreement with Gujarat is aimed at supporting Gujarat's peak-hour power demand and enabling the large-scale integration of renewable energy (RE) into the grid, THDC India said in a statement on Thursday. The agreement was signed between THDC India Director (Finance) Sipan Kumar Garg and GUVNL MD Anupam Anand, in presence of Kanubhai Desai, Minister of Finance, Energy and Petrochemicals, Government of Gujarat and THDC India CMD R K Vishnoi on Wednesday in Gandhinagar. "The agreement reinforces THDCIL's commitment to driving the energy transition through innovative hydropower technologies. With India's first Variable Speed Pumped Storage Plant, we are offering Gujarat a reliable and green energy solution to meet its dynamic peak-hour requirements," THDC India Ltd CMD Vishnoi said. THDC India Ltd, a subsidiary of NTPC, has constructed a 1,000 MW (250 MW x 4 units) PSP project at Tehri in Uttarakhand. The first unit began commercial operations of electricity earlier this month. On the agreement, THDC India Ltd (THDCIL) further said it is aligned with the Government of India's vision of promoting pumped storage projects as a reliable solution for flexible generation and grid balancing, particularly in the face of rising renewable penetration and variable demand patterns. THDCIL has an overall installed power generation capacity of 2497 MW, including 1,865 MW under various stages of construction. The company generates power from sources like hydro and pumped storage, thermal, wind and solar. PTI
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Business Standard
01-05-2025
- Business
- Business Standard
Policy dialogue crucial to boost pumped storage projects: Power secy
In his address, Agarwal emphasised ensuring grid stability is a matter of urgent national priority and every state must actively contribute to this effort Press Trust of India New Delhi There is a need for policy dialogues to fast-track development of pumped storage hydroelectricity projects in the country with a focus on reviewing procedural delays in such projects, Power secretary Pankaj Agarwal said on Thursday. The senior ministry official was addressing a 'Brainstorming Session on Pumped Storage Projects: Powering India's Renewable Future' organised by THDC India and Central Electricity Authority in association with NTPC in the national capital. In his address, Agarwal emphasised ensuring grid stability is a matter of urgent national priority and every state must actively contribute to this effort. "The secretary also said that there is a need of brainstorming and policy dialogue to fast-track PSP development, with a focus on reviewing procedural delays and streamlining processes and platforms like these are vital for building consensus and enabling coordinated sectoral action," THDC India said in a statement. He also emphasised that ensuring grid stability is a matter of urgent national priority and every state must actively contribute to this effort. According to the Ministry of Power, the Central Electricity Authority (CEA) has made ambitious plan to concur minimum 13 PSPs of about 22 GW during 2025-26. Most of these PSPs are targeted to be commissioned in four years and latest by 2030. Gurdeep Singh, CMD, NTPC, stressed on the urgent need for large-scale deployment of Pumped Storage Projects (PSPs), stating that the energy transition cannot succeed without robust storage solutions. Given the intermittent nature of renewables, he emphasised the need of storage capabilities for a stable shift to renewable energy and reliable grid management. R K Vishnoi, CMD, THDCIL, said that the focus will be on identifying roadblocks and exploring ways to ensure faster and more efficient execution of projects on the ground. Vishnoi also addressed the scope of automation in various aspects of operations and how it can ensure seamless operations, and enhance efficiency. THDC, a subsidiary of NTPC, is in the final stages of commissioning Pumped Storage Plant of 1,000 MW capacity at Tehri, Uttarakhand. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Mint
01-05-2025
- Business
- Mint
Need for dialogues to fast-track pumped storage projects in India: Power secretary
New Delhi, May 1 (PTI) There is a need for policy dialogues to fast-track development of pumped storage hydroelectricity projects in the country with a focus on reviewing procedural delays in such projects, Power secretary Pankaj Agarwal said on Thursday. The senior ministry official was addressing a 'Brainstorming Session on Pumped Storage Projects: Powering India's Renewable Future' organised by THDC India and Central Electricity Authority in association with NTPC in the national capital. In his address, Agarwal emphasised ensuring grid stability is a matter of urgent national priority and every state must actively contribute to this effort. "The secretary also said that there is a need of brainstorming and policy dialogue to fast-track PSP development, with a focus on reviewing procedural delays and streamlining processes and platforms like these are vital for building consensus and enabling coordinated sectoral action," THDC India said in a statement. He also emphasised that ensuring grid stability is a matter of urgent national priority and every state must actively contribute to this effort. According to the Ministry of Power, the Central Electricity Authority (CEA) has made ambitious plan to concur minimum 13 PSPs of about 22 GW during 2025-26. Most of these PSPs are targeted to be commissioned in four years and latest by 2030. Gurdeep Singh, CMD, NTPC, stressed on the urgent need for large-scale deployment of Pumped Storage Projects (PSPs), stating that the energy transition cannot succeed without robust storage solutions. Given the intermittent nature of renewables, he emphasised the need of storage capabilities for a stable shift to renewable energy and reliable grid management. R K Vishnoi, CMD, THDCIL, said that the focus will be on identifying roadblocks and exploring ways to ensure faster and more efficient execution of projects on the ground. Vishnoi also addressed the scope of automation in various aspects of operations and how it can ensure seamless operations, and enhance efficiency. THDC, a subsidiary of NTPC, is in the final stages of commissioning Pumped Storage Plant of 1,000 MW capacity at Tehri, Uttarakhand. First Published: 1 May 2025, 06:48 PM IST
Time of India
25-04-2025
- Business
- Time of India
THDC India synchronises first unit of its 1,000-MW pumped storage project in pump condenser mode
State-owned THDC India on Thursday announced synchronisation of the first 250 MW unit of its pumped storage plant (PSP) in pump condenser mode at Tehri in Uttarakhand. In pump condenser mode of operation, the turbine is used to generate electricity and simultaneously as a condenser or a heat exchanger. THDC India is constructing a 1,000-MW (250 MW X 4 units) PSP project at Tehri. "CMD R K Vishnoi has announced achievement towards successful commissioning of India's first variable speed 1,000 MW PSP at Tehri with the successful synchronisation of its first unit (of 250 MW) to the Indian grid in pump condenser mode," THDC India said in a statement. The synchronisation took place on Wednesday. With the completion of this pumped storage project, the tehri hydro power complex will have a total installed capacity of 2,400 MW. The company is currently operating 1,000-MW Tehri HPP (hydro power project) and 400-MW Koteshwar HEP (hydro electric power). Based in Rishikesh, Uttarakhand, THDC India is a 75:25 per cent entity of the Centre-owned NTPC and government of Uttar Pradesh.
