nhpc stock target: Capacity addition, project viability bring zing to hydropower stocks

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Synopsis

India has a hydropower potential of 250 GW of which only 21% is tapped. Since hydropower has one of the lowest greenhouse emissions, it is a preferred source of renewable energy. Despite that, the addition to hydropower capacity in the country was dismal due to long delay in environmental clearance and long gestation period in the construction of power plants accompanied by cost overruns.

ET Intelligence Group: After staying dormant for over a decade hydropower-generating companies are attracting investor attention thanks to a pick-up in capacity addition and the government’s focus on boosting renewable energy. The stocks of NHPC and SJVN have gained over 80% in the past six months. The shareholding of retail investors has doubled to 12% in these companies during the period.India has a hydropower potential of 250 GW of which only

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ET Bureau

3 mins read, Last Updated:

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