Q2-FY24 · Jaikumar Srinivasan
We have a long-term target of 60 GW by the end of financial year 32.
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We have a long-term target of 60 GW by the end of financial year 32.
We are actively considering awarding thermal capacity of 11.2 GW by next fiscal.
We have a visible pipeline of more than 20 GW in the near term.
We are being only selective because we have to look at the returns profile also, the risk also. So we go about it very judiciously on that.
As far as the company is concerned, it operates on a cost plus principles, and we are completely hedged against this kind of a decision.
Our capacity plan of 60 GW with total capacity plan up to 8.32. But right now, as I was explaining, that everything is tied up in terms of whatever is our commissioning up to FY 2026.
We have added 4,403 MW till H1 FY 2026, by far the highest capacity added in any half year since our inception.
The CERC Suo Moto Order ameliorates that situation for us and we will be getting a feasible schedule so that a certain amount of technical minimum operation is assured to us.
We are exploring partnership with various international players in the nuclear domain to prepare ourselves for setting up of capacities in our nuclear subsidiary once we get required permission from the government.
We are not happy with the pace of execution, but these are things which are not in our control, and now hopefully we are back on track.
The regulatory deferral will have deferral based on two, three components... we can't capture a trend per se.
We have a comfortable projection... our cash flow projection is comfortable, and it will be able to take care of my 30% equity for all this requirement.
We have improved it by 238 positive. So at the end of December, we stand at an under-recovery of INR 468 crores.
Both Bangladesh plants are commissioned and are running, but now it is under shutdown because of the want of coal.
We are planning to commission Patratu unit one in this quarter and North Karanpura unit three also in this quarter.
We remain on track to achieve one of the highest annual capacity addition in the current fiscal, supported by strong project pipelines.
Our plan as of now for FY 2027 is 8 GW, and we have already commenced work on the various plants which are to give the capacities next year.
We had a total in this, up to for the nine months that have gone by, we lost around 420 million units on account of curtailment in NGEL alone.
We are of the view that the market is quite conducive. And there is a buoyancy. Investors are upbeat as regards investment opportunity in the green area.
The complete effect of the capitalization and the incremental equity, regulated equity, benefit will be shown in the next year.
We are holding to our target, our target of 10 GW in PSP.
Our coal plants recorded their highest-ever single-day output of 1.15 billion units on February 19, 2025.
We are fairly confident. I mean, our assessment is based on what are all the projects under construction, both organic and inorganic.
Connectivity is definitely going to be a challenge in the near future. The bulk of the connectivities are being discussed with CTU and are going to be then available in 2029-2030.