NHPC Limited, India’s leading hydropower company, has successfully completed the trial run of three units of the Parbati-II Hydro Electric (HE) Project in Himachal Pradesh. The disclosure, made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was communicated to BSE Limited and the National Stock Exchange of India Limited (NSE) through an official notification on March 28, 2025.

Project Overview

The Parbati-II HE Project, located in Himachal Pradesh, has a total capacity of 800 MW, comprising 4 units of 200 MW each. The project aims to augment renewable power capacity and support India’s growing demand for clean and sustainable energy. The project, being developed by NHPC, is expected to significantly contribute to India’s hydropower capacity upon full commissioning.

Successful Completion of Trial Run

As per the communication, the trial run of Unit#1 (200 MW) was successfully completed on March 28, 2025. With this, NHPC has now successfully completed the trial run of the following three units:

• Unit#1 – 200 MW (Trial Run Completed on 28.03.2025)

• Unit#2 – 200 MW (trial run completed earlier)

• Unit#3 – 200 MW (trial run completed earlier)

Status of the Remaining Unit

NHPC has also informed that the trial run of the remaining Unit#4 (200 MW) is expected to be completed by March 31, 2025. Upon the successful completion of the remaining unit, the Parbati-II HE Project will be fully commissioned and ready to supply clean energy to the grid.

Timeline and Previous Communications

NHPC has kept stakeholders and exchanges informed about the progress of the project through regular updates. The earlier communications were shared on the following dates:

• October 23, 2023 – Initial update on the status of project development.

• May 22, 2024 – Progress update on the trial run of the first unit.

• November 13, 2024 – Trial run status of subsequent units.

• March 24, 2025, and March 26, 2025 – Updates on the trial run of Unit#1.

Importance of Parbati-II HE Project

The Parbati-II HE Project is a run-of-the-river scheme with underground power generation facilities that utilize the hydropower potential of the Parbati River. The project is critical for enhancing India’s renewable energy portfolio and contributes towards the government’s target of increasing the share of non-fossil fuel-based capacity in India’s power generation.

Expected Impact and Benefits

• Increased Renewable Power Capacity: Upon full commissioning, the project will generate 800 MW of clean energy, contributing to India’s renewable energy goals.

• Reduction in Carbon Emissions: By replacing fossil fuel-based power generation, the project will help in reducing greenhouse gas emissions and supporting India’s climate commitments.

• Boost to Local Economy: The project has created employment opportunities during its construction phase and will continue to generate direct and indirect employment during operations.

Financial and Operational Impact

NHPC has clarified that the successful trial run of three units of the Parbati-II HE Project does not have any material impact on the company’s financials immediately. However, the full commissioning of the project is expected to contribute to enhanced revenue generation and profitability for NHPC over the long term.

Regulatory Compliance and Disclosure

As a listed entity, NHPC has adhered to Regulation 30 of SEBI (LODR) Regulations, 2015, ensuring that material developments regarding project commissioning and operational milestones are promptly disclosed to stock exchanges. Such timely disclosures maintain transparency and keep stakeholders informed about the company’s progress.

Timeline for Full Commissioning

With three units successfully tested, NHPC is on track to complete the trial run of the remaining Unit#4 by March 31, 2025. Upon successful completion, the Parbati-II HE Project will be ready to commence full-scale operations, contributing to India’s renewable energy capacity.

Conclusion

NHPC’s successful completion of trial runs for three units of the Parbati-II HE Project (800 MW) marks a significant step towards enhancing India’s hydropower infrastructure. The project, once fully commissioned, will strengthen the renewable energy sector and contribute to meeting India’s growing power demand through sustainable and environmentally friendly means. The remaining unit’s trial run is expected to be completed by March 31, 2025, ensuring that the project is ready for full-scale operations.

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