NHPC - Maintaining Good Execution Pace Despite Challenges: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Significant progress has been made by NHPC Ltd.’s Subansiri Lower Hydroelectric Project, despite challenges. Till date, 84% of the estimated capex has been incurred (Rs 161.8 billion). While the first two units are expected to be commissioned by March 2023, the remaining six units will go on-stream over FY24E. The associated transmission systems are also likely to be commissioned by March 2023. Thus, FY25 will be the first full year of operations, while FY24 will have part operations (50-60%). For Parbati-II, we expect the balance two units to be commissioned by Q3 FY24 as geological constraints are delaying the completion of head race tunnel excavation. NHPC has signed several memorandum of understandings/agreements for developing renewable energy projects as well as for new hydro projects, and has made substantial progress in several other under-construction hydro elelctric powers. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

NHPC - Maintaining Good Execution Pace Despite Challenges: ICICI Securities

NHPC - Maintaining Good Execution Pace Despite Challenges: ICICI Securities

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