Hydel projects to gain momentum <br>Higher allocation for NHPC in 10th Plan
By A Business Correspondent
The Planning Commission has agreed to a tentative allocation of Rs 31,466 crore during the 10th Five-Year Plan for NHPC. Capacity addition of 5,310 mw has been planned. Forty-five per cent of this will be by way of net budgetary support from the Government of India, reflecting a three-fold increase compared to the 9th Plan. This is the highest allocation for NHPC so far by Planning Commission. The higher outlay is basically to speed up the development of hydel projects in the country.
Apart from budgetary support the corporation has also swapped costly loans with lower interest bearing loans. It has also negotiated with LIC for a Rs 2,500 crore loan of 17 years tenor at an interest rate linked to the movement of G-Sec of the corresponding period. By drawing Rs 500 crore every year the corporation hopes to achieve financial closure of Dulhasti Project, Teesta Stage-V Project as well as a part of debt requirement of Parbati Project.
The company, which earned a net profit of Rs 469 crore on a sales turnover of Rs 1,289 crore in 2001-02, incurred a capital expenditure of Rs 1,531.85 crore on its ongoing projects and other new schemes
The capacity index of NHPC projects was 96.86 per cent during the year 2001-02 against the target of 92 per cent which is excellent as per the MoU target rating fixed by the Ministry of Power.
The status of some of the projects as mentioned in the corporation's release is given below:
Dulhasti Project (390 mw), J&K
Construction activities at the 390-mw Dulhasti Project in J&K are in full swing. All major civil works except Head Race Tunnel have been completed. All electro-mechanical and hydro-mechanical works were completed on January 31, 2002. About 85.77 per cent excavation of Head Race Tunnel has been completed and the balance to be completed is 1,506 m. The total length of the tunnel is 10,581 m. In the Head Race Tunnel, concrete lining of 2,132 m has been achieved. The project is scheduled for commissioning by December 2003.
Chamera Project Stage-II (300 mw), Himachal Pradesh
Construction activities at Chamera Stage-II Project in Himachal Pradesh are going ahead of schedule. The river diversion was achieved on January 5, 2001, one year ahead of schedule. After completion of excavation, dam concreting is in full swing in all the blocks up to EL-1151 M. Concreting of stilling basin and downstream of dam are also in progress. Benching excavation of the desilting chambers is nearing completion.
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