NHPC has also been diversifying into shorter-gestation solar projects and commissioned its first large project in October. It has a current capacity of 0.6GW, and has another 1.2GW under construction. Separately, it has signed MoUs to develop around 18 GW of pumped-storage hydropower capacity across multiple states, although these are long gestation projects. Its FY27 capital expenditure target stands at ₹15,000 crore, up from ₹13,700 crore in FY26, which exceeded the company’s initial guidance.
