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NTPC Chalks Out Rs 15K Cr Divestment Plan, To List Arms NTPC REL, NEEPCO, NVVNL

The NSPCL is a joint venture company of NTPC and SAIL (50:50 equity)was incorporated on February 8, 1999.

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State-run power giant NTPC has drawna Rs 15,000 crore divestment plan which includes a listing of itsarms NTPC Renewable Energy, North Eastern Electric Power Corporationand NTPC Vidyut Vyapar Nigam, a source said.

 The source stated that besides listing of the three firms, theplan to meet its divestment target of Rs 15,000 crore also includessale of its stake in NTPC-SAIL Power Company Ltd (NSPCL), which isexpected this fiscal year.

The NSPCL is a joint venture company of NTPC and SAIL (50:50 equity)was incorporated on February 8, 1999. It was formed to own and operatecaptive power plants for SAIL’s steel manufacturing facilities locatedat Durgapur, Rourkela and Bhilai.

According to the source, the Rs 15,000 crore divestment plan isas per agreed targets of performance set by the company with the Ministry of Power which includes listing of NTPC Renewable Energy Ltd (NTPC REL), North Eastern Electric Power Corporation Ltd (NEEPCO)and NTPC Vidyut Vyapar Nigam Ltd (NVVNL) by March 2024.

The source said that the listing of NTPC REL is expected by Octobernext year.  NTPC REL, a 100 per cent subsidiary of NTPC Ltd, currentlyhas a renewable project portfolio of 3,450 MW of which 820 MW projectsare under construction and 2,630 MW projects have been won for whichPPAs (power purchase agreements) are pending to be executed.

(PTI)


Tags assigned to this article:
ntpc NTPC REL NEEPCO NVVNL Divestment Plan