THDCIL Celebrates Remarkable Achievements in FY 2022-23

Rishikesh, Sept 26

In its 35th Annual General Meeting held on 25th Sept 2023 at New Delhi, THDCIL presented its Annual Report for the F.Y 2022-23, highlighting significant achievements and future plans.

During the Financial year 2022-23, THDCIL achieved a cumulative energy generation of 4,935.48 million units (MU), the highest in the past nine financial years. The Tehri Hydro Power Plant (1000 MW) achieved a record daily generation of 25.80 MU on August 2, 2023.

The company exceeded its capital expenditure (CAPEX) targets for FY 2022-23 by 43.9%, with capital expenditures amounting to Rs 4,615.02 Cr, surpassing the target of Rs 3,207.54 Cr. Tehri HPP and Koteshwar HEP achieved Plant Availability Factors (PAFs) of 84.09% and 68.62%, respectively.

The first unit of Tehri PSP (4×250 MW) was successfully boxed up on 30.03.2023, and the commissioning of the first pumped storage plant with a 1,000 MW capacity in Tehri, Uttarakhand, is in the final stages. THDCIL aims to commission the first two units of Tehri Pumped Storage Plant (4×250 MW) in FY 2023-24.

Significant progress has been made in the Khurja Super Thermal Power Plant (STPP), with plans for Boiler Light Up in November 2023. Coal extraction at Amelia Coal Mine began six months ahead of schedule, and mining operations in the Vishnugad Pipalkoti Hydro Electric Project (VPHEP) have resumed.

THDCIL reported gross sales of Rs. 1,974.30 Cr and a net profit of Rs. 670.57 Cr for the year 2022-23.

The company established a joint venture (JV) company, TREDCO Rajasthan Ltd., in partnership with Rajasthan Renewable Energy Corporation Ltd (RRECL), to develop 10,000 MW Ultra Mega Renewable Energy Power Parks in Rajasthan. MoUs for hydro power projects in Kerala and Uttarakhand were also signed.

THDCIL raised Rs. 763 crore through the issuance of Unsecured Corporate Bonds Series – VIII, with a coupon rate of 7.76% per annum. The issue was oversubscribed nine times.

THDCIL aims to increase its installed capacity to 4,351 MW by 2026, including the commissioning of projects like Tehri PSP, VPHEP, and Khurja STPP. The company is committed to supporting India’s net-zero greenhouse gas emissions target by 2070 and is venturing into power trading within India with the acquisition of a Power Trading License.

THDCIL emphasizes CSR and collaborates with government departments and agencies to secure funding for critical initiatives that benefit society and the environment.

The CMD of THDCIL extended heartfelt gratitude to stakeholders, business partners, government agencies, and the dedicated team for their support in making THDCIL a pioneering force in the power sector.

THDC India Limited looks forward to a future marked by continued growth and sustainable contributions to India’s energy sector.