news details |
|
|
| Home Truth: J&K cries for power, NHPC richer by 1005 Crores | | | Early Times Reporter
Jammu | Apr 13
Jammu and Kashmir may be keep crying for every watt of power to meet its bare minimum needs, but the National Hydro-electric Power Corporation is making good money over the waters of this state.
A Government of India Corporation, the NHPC had come into being in 1975 and took up first power project for construction in Jammu and Kashmir –the Salal project near Reasi. For last 33 years the NHPC had barely been able to make its ends meet. But whatever it earned had major share of earning from its projects in Jammu and Kashmir.
Now when NHPC has posted huge earning, it is no wonder that the major chunk has again come from its projects in Jammu and Kashmir. Presently country’s major hydro-electric power producer, the NHPC, first time after inception in 1975 had registered profit of more than Rs 1000 crores. Interestingly, of this amount Rs 300 Crore has earned from the J&K bases projects. Over half of NHPC’s total generations in the year have come from its operations in Jammu and Kashmir where it has three major projects, including Salal which fetches it the cheapest energy
It may be mentioned here, there are two types of hydro-electric power projects –state sector projects and central sector power projects. Those constructed by the NHPC –if not transferred to the state –come under the central sector projects. The Jammu and Kashmir state gets a share of 12 per cent of the total production in the central sector projects. Chief Minister Ghulam Nabi Azad has been pitching for raising this percentage to 20 per cent.
In its latest results, the NHPC has reported net profit of Rs 1005 Crores as it made sales of Rs 2,300 Crores last financial year.
For NHPC, Jammu and Kashmir continues to be its major energy generating and profit making states. In the Rs 1,005-crore profit, Rs 300 crore actually came from its three projects in J&K. Salal, Uri-I, and Dul Hasti — with cumulative installed capacity of 1,560 MWs — created at an investment of Rs 9,454 crore, constitute over half of the energy it sells in a year.
Its generations in J&K were making 57.5% of NHPC’s total generations in 2003-04, 50.15% in 2004-05. Later, the share fell to 48.38% in 2005-06 and 48.49% in 2006-07. But in the last financial year, when NHPC’s total generation was of the order of 14,813 million units, J&K accounted for 7,421 MUs (50.10%), but it will go up as generations for March are yet to be added. NHPC’s entire generation in J&K is not being sold because it has to pay 12.5 of the total generations to the state as royalty, an issue that is the new eyesore in NHPC-J&K relations.
On comparative basis, its generation has increased by 13.52% from 13,049 MUs in 2006-07 to 14,813 MUs in 2007-08 as sales witnessed a growth of 17.17% from Rs 1,963 crore in 2006-07 to Rs 2,300 crore in last financial year. Profits surged from Rs 925 crore to Rs 1,005 crore in the same period, indicating a growth of 8.65%.
The company’s net worth has surged from Rs 16,500 crore to Rs 17,300 crore, the provisional results suggest. Starting from Salal in J&K in 1975, NHPC has so far set up 14 projects (totaling 5175 MWs) of which 12 are wholly-owned and are JVs in Madhya Pradesh. On a turnkey basis, it set up five projects with cumulative capacity of 89.35 MW, of which one each is located in Nepal and Bhutan. |
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
|
|
|
|
 |
|
|
