Pursuant to Orissa Electricity Reform Act, 1995, Odisha Hydro Power Corporation Limited (OHPC) was incorporated on 21.04.1995 under the provisions of Companies Act, 1956 with an objective of operating and establishment hydroelectric generating stations, thermal and nuclear electric generating stations and any other electric generating stations based on any non-conventional sources of energy.
OHPC was entrusted with the ownership of all hydro power assets of the erstwhile Orissa State Electricity Board (OSEB) & Govt. of Odisha. OHPC now operates 6 power stations located across the state viz. Hirakud, Chiplima, Balimela, Rengali, Upper Indravati, Upper Kolab and one power House as a joint project with APGENCO of Govt. of Andhra Pradesh at Machkund with total installed capacity of 2099.8 MW.
At present, the Authorised Share Capital of the Company is Rs. 2000 crores and the paid-up share capital is Rs.833.19 crores. The standalone gross revenue (including income from other sources) during the FY 2024-25 is Rs.978.12 crore as against Rs.896.86 crore in the previous year 2023-24. The standalone profit after tax is Rs.338.19 crore for the Financial Year 2024-25 as against Rs.307.39 crore during the previous financial year.
OHPC at present contributes about 20% of the State’s electricity demand & about 40% of the peak demand of the State. OHPC now provides power at the cheapest rate in the country and regularly paying dividend to the Govt. Exchequer. Recently, the Corporation has paid Rs. 101.46 crores to Govt. of Odisha towards Dividend for FY.2024-25.
Looking ahead to the new decade keeping in view the substantial increase of industrial, commercial & domestic demand due to industrial and rural electrification, OHPC is pushing the momentum to achieve new heights to ensure higher share of hydro power in the energy mix with proposed plans for Construction of a pumped storage scheme at Upper Indravati Pump Storage Project (600MW), Balimela Pump Storage Project (500MW) and Upper Kolab PSP (600 MW); Construction of Kharag HEP (63MW).
Many of the generating units of different power stations of OHPC were commissioned way back in the 50s, 60s and 70s and have already outlived their useful service life of 35 years. OHPC has been working continuously to renovate and modernize the old units, following state-of-the-art technology, for extension of life with increased reliability, better operability, efficiency and availability. OHPC has completed the Renovation, Modernization, Up-rating & Life Extension (R, MU &LE) of six units of Hirakud and three units of Chipilima Hydro-electric project and four unit of Balimela Hydro Electric project. Further, two generating units of Balimela HEP are now under R,M &U.
OHPC in the recent past has ventured into generation of energy from renewable sources like solar, small hydro, pump storage projects etc. on its own and through its subsidiaries. It has also diversified into the field of thermal power generation and coal production by way of JVs with some leading State Corporations.
Key Highlights
- Incorporated under companies Act: 21.04.1995
- Year of starting of commercial operation:1996-1997
- Date of transfer of HydroPower Assets (excluding Machhkund): 01.04.1996
- Transfer of Odisha share of Machhkund: ( 34.5 MW ) 01.04.1997
- Installed capacity at the time of transfer of assets: 1272 MW
- Present installed capacity (excluding MHEP share): 2099.8 MW
- Design Energy (OHPC+Machhkund) (5676+262.50) MU
- Peak capability. Between 800MW to 1800 MW