The NHPC Board today approved amending the company's MoA to enable it to apply to power regulator CERC for trading licence.
The decision is in line with the Power Ministry's plan to make NHPC an aggregator for meeting the demand of peaking power. At present, NHPC cannot do so because it does not have a trading licence.
"Board of Directors in its meeting held today has, while considering one of the items, directed to alter Memorandum of Association (MoA) of the company to enable it to apply(to) CERC for trading license," the NHPC said in a BSE filing.
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According to the statement, the amendment will be subject to the approval of shareholders of the company by way of a special resolution and other statutory or administrative approvals, if any required.
A senior official said Central Electricity Regulatory Commission (CERC) would also have to bring more clarity on the role of NHPC as an aggregator, specifying about the power it can arrange and supply.
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