India’s largest hydroelectric power generation company NHPC will slip on targeted capacity additions by

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around 30 per cent during 11th plan that will end in 2012.

The company expects to add 1,873mw fresh generation capacities as against targeted 2,522mw. The mini-ratna plans to mop up Rs 2,000 crore via domestic bonds with over 12-year tenure and term-loans in current financial year for meeting capital expenses.

“In the original plan, we were hopeful of getting some clearances from government that did not come. Also, there are some law and order issues because of which few projects got delayed,” NHPC chairman and managing director ABL Srivastava told reporters.

Initially, the target set for NHPC for the 11th plan was 5,322mw. This reduced by more than half to 2,522mw. Slippages seem to be experienced even in meeting these significantly lower targets. “By end of the 12th plan, we are hopeful of achieving a capacity of 9,500mw,” added Srivastava.

NHPC reported 47 per cent rise in its net profit during April-June 2011 at Rs 791.05 crore against Rs 537 crore in the same period previous year.

NHPC will raise Rs 500 crore in September 2011 through rupee bonds. In the complete financial year, the power company would mop up Rs 2,000 crore via domestic bonds and long-term loans.