operates close to 1,500 MW of hydropower and thermal plants in the north eastern region of India, another 1,000 MW are under construction and commissioning. "The portfolio of projects with NEEPCO
make it a fit case to command good value," said the person.
The Cabinet Committee on Economic Affairs has on November 20 decided that the Union government-owned NTPC Ltd would take over NEEPCO
and THDCIL as part of NDA's strategic disinvestment
plan. The government has 74.23 per cent shareholding in THDCIL.
THDCIL presently has a capacity of 1513 MW. It has two hydro generating stations, namely; Tehri HPP (4X250 MW) and Koteshwar HEP (4X100 MW) and two operational wind power plants in Gujarat, one at Patan (25X2 MW) and another at Devbhumi Dwarka (30X2.1 MW).
The NDA government has sent in motion strategic sale of some of its key infrastructure and energy companies. While NEEPCO and THDCIL is being sold to NTPC, Bharat Petroleum Corporation Ltd, Shipping Corporation of India and Container Corporation of India would be privatised.
The government still has Rs 87,636 crore to meet the disinvestment
target for the year and sale of these companies will be important to close the current financial year with Rs 1,05,000 crore.