The Competition Commission of India has approved NTPC’s 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). The state government of Uttar Pradesh will retain the remaining 25.5% in THDC.
NTPC (National Thermal Power Co.), a state-owned company, is the largest power generator in the country, with a capacity of 56 GW including around 46 GW of coal, 8 GW of gas and 1.7 GW of renewables (June 2019). It plans to increase its capacity to 128 GW by 2030. NTPC aims to invest US$75bn to become India’s largest renewable company in the next ten years.
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