NTPC To List Three Subsidiaries Under Rs 15,000 Crore Asset Monetisation Plan: Report

The state-owned NTPC Ltd will be listing its three subsidiaries, namely: NTPC Vidyut Vyapar Nigam (NVVN), North Eastern Electric Power Corporation (NEEPCO) and the NTPC-Renewable Energy (NREL) in order to fulfill the government’s set target of raising Rs 15,000 crore through asset monetisation.

As per reports, one year-old NREL will be listed prior to October 2022. Furthermore, NTPC will also be exiting its joint venture with SAIL named NTPC-SAIL Power Company as part of these monetisation plans.

The NTPC-SAIL Power Company owns and operates captive power plants of the SAIL in places like Bhilai, Durgapur and Rourkela.

Similarly, the NTPC had acquired a 100 per cent stake in NEEPCO from the central government only in March 2020.

Overall, the NITI Aayog has recognised about 6 GW worth of power generation assets for monetisation over FY 2022-25.

The central government is aiming to procure around Rs 39,932 crore through the monetisation of power generation assets, Business Standard reorts.