New Delhi: State-run energy company NHPC Ltd hopes to generate more than 18.6 billion kilowatt hour (bkwh) of power in 2011-12, based on expectations of normal monsoon rains, chairman A.B.L. Srivastava said on Thursday.
India’s monsoon rains replenish reservoirs and lift ground-water levels, allowing better irrigation and greater generation of hydropower.
“Our reservoir conditions are well. Last year, our target was 18 bkwh and we produced 18.5 bkwh. This fiscal, we hope to cross the target of 18.6 bkwh,” he said.
Last month, weather office IMD had forecast normal monsoon rains for the second straight year in 2011, brightening prospects of higher water levels at reservoirs.
Srivastava also said the company would install 1,080 megawatts of new capacity in the current year that began on 1 April.
The company plans capital expenditure of about Rs5000 crore ($1.1 billion) in 2011-12 versus Rs3800 crore last fiscal, when it added 120 megawatts capacity, he said.
He said NHPC’s current generation capacity stands at 5,295 megawatts.