NHPC Limited has informed the Exchange regarding 'In Compliance to Regulation 30 of SEBI (LODR) Regulations, 2015, intimation regarding commercial operation of Unit#4 (200MW) of Parbati II HE Project (4X200MW), Himachal Pradesh is submitted.'.
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NHPC has informed the stock exchange that Unit#4 of the Parbati II Hydroelectric Project in Himachal Pradesh has commenced commercial operations. This unit has a capacity of 200MW and is the last of the four units in the 800MW (4x200MW) project. With this unit now operational, the full 800MW capacity of Parbati II is contributing to NHPC's power generation portfolio. The disclosure was made under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. Commercial operation means the unit is now officially counted as part of NHPC's revenue-generating capacity and will earn tariffs as per its power purchase agreements.
This is a positive operational milestone for NHPC shareholders as the full 800MW Parbati II project is now commercially operational, which should add to the company's revenue and earnings going forward. Investors may view this favorably, though the stock price impact is likely to be modest as this was an expected project completion.