NHPC IPO will hit market on Aug 07.

Central government enterprise, National Hydroelectric Power Corporation (NHPC) will raise Rs 6,000 crore from the initial public offer (IPO), which will hit the market on August 7.

· “Rs 4,000-crore will be used to finance the under construction projects of the company while Rs 2,000 will be given to the government of India.

· For its IPO, NHPC has fixed the price band between Rs 30-36 per equity share.

· On the ongoing projects, Sharma said that 11 projects of 4,622 Mw capacities are currently under construction at various stages.

· “The company is awaiting government’s nod for five more projects with a capacity of 4,565 Mw and certain joint venture projects having capacity of 2,166 Mw.

· “Our current installed capacity is 5,175 Mw and by 2013 end, our total installed capacity will be 10,000 Mw,” Sharma said, adding, most of the under construction projects are going to be commissioned on schedule.

· “NHPC’s power stations and hydroelectric projects are located predominantly in the North and North East of India, in the states like Jammu and Kashmir, Himachal Pradesh Uttarakhand, Manipur, Sikkim, Arunachal Pradesh and West Bengal,” he said.

· Sharma said that the company is also diversifying into non-hydropower projects and Madhya Pradesh government has mandated the company to set up a 1,000 Mw thermal power plant at Khandwa.

· Internationally, the company is surveying project proposals in Bhutan, Myannmar and Nepal.

· “We have proposals for three projects worth capacity of 3,000 Mw in Bhutan and two projects with capacity of 1,800 Mw in Myannmar. For one project on Bhutan,