By Enersider DeskAdd Post
This is not the kind of promotion anyone hopes for, but the office of the Chairman and Managing Director of THDC India Ltd now has a new occupant. Currently serving as Director (Finance) at the power sector PSU, Sipan Kumar Garg assumed additional charge as CMD on November 25. He has been serving the company as Director (Finance) since August 17, 2024.
The position fell vacant following the demise of R. K. Vishnoi on November 15, who had been leading the organisation since 2021.
Garg, a commerce and law graduate, is also a member of ICAI, ICMAI and ICSI, and a rank holder in the Company Secretary examination. With over 24 years of experience in finance, accounts, taxation and commercial functions in the power sector, he brings deep expertise to the role.
Before joining THDC India Limited, he spent more than two decades with state-owned NTPC. There, he served as Chief Financial Officer at Aravali Power Company Private Limited and Patratu Vidyut Utpadan Nigam Limited, both subsidiaries of NTPC. He has also held key roles in NTPC’s Corporate Accounts Group and the Koldam Hydro Power Project. Garg is an active participant in national and international seminars and contributes to various committees of the Institute of Chartered Accountants of India, including the Committee on Public Finance and Government Accounting, the Accounting Standards Study Group, and the Members in Industry Group (PSU).
At present, the company’s key priority areas include the development of the flagship Tehri Hydropower Complex (2,400 MW)—comprising Tehri HPP (1,000 MW), KHEP (400 MW) and the Tehri Pumped Storage Project (1,000 MW)—along with other hydropower initiatives. THDC is also pushing ahead with thermal power generation through the execution of the Khurja Super Thermal Power Project (1,320 MW), and expanding its renewable energy portfolio across wind (Devbhoomi Dwarka – 63 MW, Patan – 50 MW), solar (Kasaragod – 50 MW) and upcoming solar and floating solar projects. The company is additionally focused on the development and operation of the Amelia Coal Mine (5.6 MTPA), which supports the Khurja thermal project.
THDC India Limited is a PSU initially set up with equity participation between the Government of India and the Government of Uttar Pradesh in the ratio of 75:25. Following the strategic sale on March 25, 2020, equity ownership shifted to NTPC Limited and the Government of Uttar Pradesh in the ratio of 74.496:25.504.
The company currently has a total installed capacity of 2,747 MW, comprising 1,924 MW from hydropower, 113 MW from wind, 50 MW from solar and 660 MW from thermal generation. It also operates the Amelia coal mine in Madhya Pradesh, which has a production capacity of 5.6 million tonnes per annum.
THDC has three hydro/renewable projects totalling 955 MW and one 660 MW thermal project under construction. Among its most significant undertakings is the 1,000-MW pumped storage project at Tehri—one of the largest in the country—expected to be fully operational by January 2026. Built at a cost of around ₹8,339 crore, the 4×250 MW project has already commissioned its first two units on June 7 and July 10 this year.
The company is also actively developing Ultra Mega Renewable Energy Power Parks (UMREPPs) through strategic joint ventures with states like Uttar Pradesh and Rajasthan, aimed at establishing large-scale solar and hybrid energy projects to support the clean-energy transition.
With a strong pipeline of projects and significant capacity additions underway, THDC India is poised to expand its installed capacity substantially in the coming decade.
