THDC Limited is on a roll with a Rs 400-500 billion plan to raise capacity to over 40,000 MW by straddling thermal, pump storage, wind and solar generation as well as captive coal mining in the next 2-3 years.
The company is looking at an initial public offering two years from now and trading licence to gain operational flexibility. The company expects to commission its first thermal project at Khurja in Uttar Pradesh early next year. It will start the captive coal mine, i.e. Amelia in Madhya Pradesh, this year. Another milestone in the current financial year will be the commissioning of the world’s largest pump storage power plant in Tehri. Further, in renewable energy space, the company has a basket of large projects in Uttar Pradesh and mega solar parks lined up in Rajasthan.