India's NTPC greenlights acquisition of stakes in 2 generation companies

The acquisition of NEEPCO and THDC will add renewables to NTPC's portfolio.

The board of the Indian state-owned power group NTPC has approved the acquisition of the majority stakes held by the Indian Ministry of Power in two power generation companies: NTPC will acquire 100% of North Eastern Electric Power Corporation (NEEPCO), which operates hydropower, thermal (gas-fired) and solar power plants in the north-east of India and 74.5% of THDC India, which operates 1,400 MW of hydropower plants (including the 1,000 MW Tehri-1 dam).

NTPC operates 55 power plants, of which 24 are coal-fired, 7 CCGT or liquid fuel-fired, 2 hydropower, 1 wind and 11 solar. The group also has 10 coal-fired power plants and 1 gas-fired power plant owned by joint-ventures or subsidiaries and 11 renewable energy projects. In December 2019, the group commissioned the first 800 MW unit of the 1,600 MW Darlipali coal-fired power plant in Odisha. NTPC aims to achieve a total installed capacity of 130 GW by 2032.

This article was originally published by Enerdata.