NHPC Ltd.

Credit rating agency, ICRA has assigned a rating of AAA to the non convertible redeemable bonds programme of NHPC for an amount of Rs 1500 crore.

The rating assigned to the company reflect its established position in hydro power generation business, its significant size of operating projects, strategic importance to the Government of India (GoI) which is also reflected in the consistent support from GoI in terms of low cost subordinated debt for some of its projects, highly competitive tariffs of its plants with an average tariff of Rs 2.48/Kwh during 2010-11 and strong operating efficiencies, as reflected by average plant availability factor (PAF) of 85.20% during FY2010-11.

NHPC is engaged in the planning, development and implementation of an integrated and efficient network of hydroelectric projects in India. It executes all aspects of the development of hydroelectric projects, from concept to commissioning.