NHPC Limited , India's premier hydropower company, has taken significant steps to bolster its financial position for the upcoming fiscal year. The company's board of directors has approved an updated borrowing plan and cash flow monetization strategies for the financial year 2025-26, demonstrating a proactive approach to capital management and financial planning.

Revised Borrowing Plan

The board has given the green light to a revised borrowing plan that allows NHPC to raise debt up to ₹10,000.00 crore during FY 2025-26. This substantial borrowing capacity provides the company with financial flexibility to support its operations and potential expansion plans. The approved plan includes various financial instruments:

• Secured or unsecured, redeemable, taxable, non-cumulative, non-convertible corporate bonds
• Issuance in one or more series/tranches on a private placement basis
• Option to raise term loans
• Possibility of accessing External Commercial Borrowings (ECB) in suitable tranches

This diverse range of borrowing options allows NHPC to optimize its debt structure based on market conditions and specific financial needs.

Cash Flow Monetization Strategy

In addition to the borrowing plan, the board has approved a strategy to monetize future cash flows, specifically the Return on Equity (RoE) from select power stations:

• The monetization plan targets the Chamera-III and Parbati-III Power Stations
• The strategy also leaves room for including other power station(s) if deemed beneficial
• The monetization is planned for a 10-year period
• Implementation is scheduled for a single tranche during FY 2025-26

This innovative approach to leveraging future cash flows could provide NHPC with immediate capital while maintaining long-term revenue streams from its operational assets.

Strategic Implications

The approval of these financial measures indicates NHPC's commitment to strengthening its capital structure and ensuring liquidity for future projects. By diversifying its funding sources and monetizing future cash flows, the company is positioning itself to capitalize on growth opportunities in the hydropower sector while managing its financial risks.

Investor Conference Participation

In a related development, NHPC has also announced its participation in the "Ashwamedh- Elara India Dialogue 2025" Investor Conference in Mumbai on September 4, 2025. This engagement with analysts and investors suggests the company's proactive approach to maintaining transparency and communication with the financial community.

The combination of the robust borrowing plan, strategic cash flow monetization, and investor outreach demonstrates NHPC's comprehensive approach to financial management and stakeholder relations as it prepares for the 2025-26 fiscal year.

As NHPC moves forward with these financial strategies, stakeholders will be keenly watching how the company utilizes these resources to drive growth and enhance its position in India's evolving energy landscape.

NHPC Limited , India's premier hydropower company, has announced plans to complete the remaining operations of its Karnisar Solar Power Project by September 30. This update comes as the company continues to expand its renewable energy portfolio.

Project Progress

The Karnisar Solar Power Project, located in Bikaner, Rajasthan, has a total capacity of 300 MW. NHPC has already made significant progress on the project, with 214.28 MW already operational. The company is now focusing on bringing the remaining capacity online by the end of September.

Revised Timeline

According to the latest LODR (Listing Obligations and Disclosure Requirements) filing by NHPC, there has been a slight adjustment to the project's completion timeline. The company stated:

"The commercial operation of balance part capacity of 300 MW Karnisar Solar Power Project is now likely to be commissioned by September 30, 2025 instead of August 31, 2025 as informed earlier."

This represents a one-month extension from the previously announced date.

Significance of the Project

The Karnisar Solar Power Project is a significant step in NHPC's efforts to diversify its energy portfolio and contribute to India's renewable energy goals. As a grid-connected solar PV project, it will play a crucial role in supplying clean energy to the national grid.

Company's Renewable Energy Push

While NHPC is primarily known for its hydropower projects, the Karnisar Solar Power Project demonstrates the company's growing focus on solar energy. This diversification strategy aligns with the broader national objective of increasing the share of renewable energy in India's power mix.

The completion of this project will mark a significant milestone for NHPC in the solar power sector, reinforcing its position as a key player in India's renewable energy landscape.

As the September 30 deadline approaches, stakeholders will be keenly watching NHPC's progress in bringing the full capacity of the Karnisar Solar Power Project online, further solidifying the company's contribution to India's sustainable energy future.