International BusinessNHPC to add 4,622 Mw of hydel power by 2012
State-owned Hydroelectric giant NHPC, a mini ratna unit, would add 4,622 Mw of hydel power by 2012, a top company official said today.
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The corporation would commission 11 projects, now under construction, step by step, said J K Sharma, director (projects), NHPC.
NHPC also planned to add 14,000 Mw of power by 2020 as it had either completed survey of projects or was in the process of surveying several others.
As part of its diversification plan, NHPC, along with the Madhya Pradesh government, would implement a 1,000 Mw thermal power plant at Khandwa in that state, he said. It was also surveying projects in Bhutan, Myanmar and Nepal.
The company would raise Rs 6,000 crore through its initial public offer, which opens tomorrow and will close on August 12. The price band for Rs 10 share has been fixed at Rs 30 to Rs 36, he said.
After the IPO, the Centre"s holding in the company would come down from 100 per cent to 86.36 per cent, he said.