The government has proposed to increase the total investment by eight state-owned power companies by about five per cent to ₹51,470.14 crore for financial year 2022-23. This compares to revised estimate of ₹49,006.30 crore for the current financial year.
According to the budget document presented in Parliament, Satluj Jal Vidyut Nigam — the public sector undertaking (PSU) under the administrative control of Ministry of Power, witnessed the highest increase at ₹8,000 crore in 2022-23, from the budgeted as well as revised estimate of ₹5,000 crore for 2021-22.
The investment by hydro power giant NHPC has also been hiked to ₹7,361.05 crore for 2022-23, from the revised estimate (RE) of ₹6,772.21 crore for the ongoing fiscal. The budget estimate stood at ₹8,057.44 crore.
In case of Power Grid Corporation of India Ltd (PGCIL), the investment for 2022-23 has been kept flat at ₹7,500 crore for 2022-23.
Damodar Valley Corporation’s investment has been pegged at ₹2,009.87 crore for 2022-23, lower than the revised estimates of Rs 2,536.95 crore and budget estimate of ₹2,857.06 crore for 2021-22.
In case of NTPC, investments for 2022-23 have been reduced to ₹22,454 crore, from budgeted as well as revised estimates of ₹23,736 crore for 2021-22.
According to the Budget, North Eastern Electric Power Corporation will invest ₹900.81 crore in 2022-23, compared to revised estimates of ₹733.20 crore for this fiscal. The budget estimates were ₹810.02 crore.
Tehri Hydro Development Corporation will invest ₹3,207.54 crore in next fiscal, compared to revised estimates of ₹2,693.93 crore for 2020-21. The budget estimates for the company were ₹2,730 crore for the current fiscal.
According to the Budget document, total expenditure of the power ministry has also been pegged slightly higher at ₹16,074.74 crore for 2022-23, compared to revised estimates as well as budget estimates of ₹15,322 crore for 2021-22.
