NEEPCO

The government has approved the restructuring of the boards of THDC India and NEEPCO, both arms of state-owned power giant NTPC. The Ministry of Power (MoP) had proposed the appointment of a non-executive chairperson and the re-designation of the post of CMD to Managing Directors (MD) on the board of NEEPCO and THDCIL, as per an official document. After restructuring, the CMD of NTPC shall be the non-executive Chairperson of North Eastern Electric Power Corporation (NEEPCO) and THDCIL, while the MDs at THDCIL and NEEPCO shall be appointed as per the extant Department of Public Enterprises guidelines, through the Public Enterprises Selection Board and Appointments Committee of the Cabinet. There will be no post of Director (Technical), Director (Finance) and Director (Personnel) at the two entities now, according to the notification dated July 18. As the post of Director (Finance) for NEEPCO and THDCIL is proposed to be abolished, the Director (Finance) of NTPC should be present in

The Meghalaya government on Tuesday signed an agreement with the state owned North Eastern Electric Power Corporation Limited (NEEPCO) for commissioning of three hydro electric projects

At the meeting, the Union Power Minister appreciated the rapid capacity addition and substantial increase in green energy generation by NEEPCO

Power Minister R K Singh has asked Tehri Hydro Development Corporation Ltd (THDCIL) and North Eastern Electric Power Corporation Ltd (NEEPCO) to bid for solar and wind projects. The power and new & renewable energy minister took review meetings of the Tehri Hydro Development Corporation Ltd (THDCIL) and North Eastern Electric Power Corporation Ltd (NEEPCO), here on Friday, a power ministry statement said. The minister asked both the CPSUs to bid for solar and wind projects. The minister also directed the CPSUs to increase their capital expenditure and to spend 90 per cent of their capex by the end of Q3 (December 2021). Singh appreciated the progress made by THDCIL for the initiatives taken by them in installation of Carbon Capture Technology for the Khurja Super Thermal Power Project (2 X 660 MW). He also commended the initiative of THDCIL for diversification in the field of Green Hydrogen' under the National Green Hydrogen Mission' and to develop 800 MW capacity Green Hydrogen .

Meghalaya is on the brink of third power crisis in a month, as utility NEEPCO sent a notice to the state government, stating that it would regulate supply from March 20 if dues are not cleared

With this, the total disinvestment proceeds in the current financial year stand at over Rs 46,500 crore

The company informed the exchanges that it signed share purchase agreement on Wednesday to buy the government's entire 74.49 per cent stake of THDC for an aggregate consideration of Rs 7,500 crore

As part of transactions, NTPC will acquire 100 per cent of the issued and paid-up share capital of the NEEPCO and 74.5 per cent stake in THDC India

The government's shareholding of 74.23 per cent in THDCIL will be divested along with transfer of management control to the NTPC

Company executives said they would evaluate several funding streams, including the bond market

The government plans to complete the two sale deals before March 2020 in order to meet its Rs 1,05,000-crore disinvestment target

The Centre hopes that disinvestment proceeds will make up for some of the revenue shortfall that is expected this year

The company should get good suitors as it is sitting on good infrastructure and has a stable business outlook; the valuation seems attractive

Finance Minister Nirmala Sitharaman said privatisation of BPCL will be without the company's equity shareholding of 61.65% in Numaligarh Refinery in Assam

The new loan from KFW is top-up of the 2008 agreement with Germany in which NEEPCO secured Euro 80 million loan

NEEPCO's proposal was cleared on Saturday by the State Level Single Window Clearance Authority

it is a big task as 3 projects will be commissioned in 2017 with 770 MW, says A G West Kharkongor