Bid & Tender

News

NTPC to Buy Stake in NEEPCO, THDCIL from Centre

NTPC will shell out to Rs 15,000 crore to buy out the Centre’s stake in the North Eastern Electric Power Corporation (NEEPCO) and THDC India (THDCIL).

 

NTPC is planning to complete the buyout by the end of FY20. The Centre has mobilised Rs 17,364.26 crore through disinvestments so far in FY20. It has a target to garner Rs 1,05,000 crore through disinvestment proceeds before the end of FY20.

 

The net worth of NEEPCO was Rs 6,301.29 crore in FY19 and that of THDCIL was Rs 9,280.78 crore.

 

The Cabinet Committee on Economic Affairs (CCEA) approved the strategic disinvestment of five Central Public Sector Enterprises, including THDCIL and NEEPCO.

 

The Centre has 100 percent shareholding in NEEPCO and 74.23 percent shareholding in THDC.

 

The Centre is expected to get at least Rs 13,190.41 crore i.e. Rs 6,889.12 crore for THDCIL and Rs 6,301.29 crore for NEEPCO by shedding its stake in them. NTPC will also have to pay a premium for the transfer of management control from the Centre.

 

At present, THDCIL has 1,513 MW installed power generation capacity. It has two hydro generating stations, Tehri HPP of four x 250 MW and Koteshwar HEP of four x 100 MW and two operational wind power plants in Gujarat, one at Patan with a capacity of 25 x two MW and another at Devbhumi Dwarka with a capacity of 30 x 2.1 MW.

 

Currently, NEEPCO operates seven hydropower, three thermal and one solar power project with a combined installed capacity of 1,457 MW.

BACK

Related News