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THDCIL finalises investment plan

Wednesday, 22 May 2013

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THDC India, a mini ratna company in the hydropower business, has finalised its corporate and financial plans, with an investment of Rs 24,000 crore in the next ten years.

THDCIL will fund the investment through debt and equity, with equity largely coming from internal resources and JV partners. In its hydropower business, THDCIL also aims to develop projects through JV and strategic investments as some of the options for future growth.

As a part of this, the company intends to diversify into renewable energy sources such as solar and wind power.

Currently, the company is working on various projects like Tehri PSP (1000 MW), Vishnugad Pipalkoti (444 MW) and others in the hill state.

It has, in the meanwhile, already signed an MoU with the Uttar Pradesh Government to set up 1320 MW Khurja super thermal power plant in Bulandshahar area.