New Delhi, Feb. 17 -- India's largest hydropower generation firm, state-run NHPC Ltd, plans to invest around Rs.84,000 crore to set up 20 gigawatts (GW) of pumped storage capacity, which would require an overall capex of about Rs.1.2 lakh crore, primarily through joint ventures.
In an interview with Mint, NHPC chairman and managing director Raj Kumar Chaudhary also said that the company is considering listing its renewable energy arm, NHPC Renewable Energy Ltd (NREL), in the next two years.
Speaking on NHPC's pumped storage project (PSP) plans, he said that with an estimated cost of Rs.6 crore per MW, totalling Rs.1.2 lakh crore for 20GW, NHPC's capital expenditure would vary as per the joint venture agreements.
He added that the cost wo...