The Centre will be getting ₹ 11,500 crore by divesting its stake in North Eastern Electric Power Corporation Limited (NEEPCO) and THDC to NTPC Limited. The company said that it would be acquiring 74.496 per cent in THDC for ₹7,500 crore and 100 per cent of NEEPCO for ₹4,000 crore.
The NTPC board had given in-principal approval for this acquisition on January 27, 2020. This had followed a nod of the Cabinet Committee on Economic Affairs (CCEA) in its meeting held on November 21, 2019.
THDCIL has an operational portfolio of 1513 MW comprising hydropower generation portfolio of 1,400 MW and wind power generation portfolio of 113 MW. Further, it has projects with an aggregate capacity of 2,838 MW (1,468 MW – hydropower projects, 50 MW – solar power project and 1,320 – thermal power project) under various stages of implementation.
