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NTPC to acquire stakes in NEEPCO and THDC India for $1.53bn

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Christian Fernsby ▼ | March 27, 2020
The National Thermal Power Corporation (NTPC) has signed agreements to acquire stakes in North Eastern Electric Power Corporation (NEEPCO) and THDC India from the Indian government for a combined sum of INR115bn ($1.53bn).
National Thermal Power Corporation
National Thermal Power Corporation   NEEPCO is a Mini-ratna Category I central public sector enterprise
In this connection, the Indian government-run power generating company has signed share purchase agreements with the President of India to acquire 100% stake in NEEPCO and 74.496% stake in THDC India for INR75bn ($1bn) and INR40bn ($530m), respectively.

Topics: NTPC acquire NEEPCO THDC India

NEEPCO, which was founded in 1976, is a Mini-ratna Category I central public sector enterprise. Based in Meghalaya state, the utility is engaged mainly in generating and selling electricity in the north-eastern part of India.

Currently, NEEPCO is operating seven hydropower plants, three thermal power stations, and also a solar power plant with a combined installed capacity of nearly 1.46GW. The utility has 925MW of installed hydro capacity, 527MW of thermal power capacity, and 5MW of solar power capacity.

NEEPCO is expected to shortly begin operations at the 600MW Kameng hydroelectric power project in West Kameng district in Arunachal Pradesh.


 

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