NHPC Limited has got its shareholders’ approval to raise borrowing limit by Rs 100 billion, from Rs 300 billion to Rs 400 billion, keeping in view the company’s fund requirements due to the rapid capacity addition programme.
The tentative debt requirement for both ongoing projects and new projects up to 2031 as per capital expenditure requirements will be about Rs 500 billion, which will exceed paid-up share capital, free reserves and securities premium of the company. NHPC is currently engaged in the construction of seven hydroelectric projects and two solar projects with an aggregate installed capacity of 5,999 MW. Further, projects aggregating 10,787.1 MW are under clearance/approval stage. These projects are to be financed in debt-equity ratio of 70:30 as per CERC norms.