Asset Monetisation: NTPC To List Three Subsidiaries To Raise Rs 15000 Crore
NTPC To List Three Subsidiaries Under Rs 15,000 Crore Asset Monetisation Plan: ReportA thermal power plant (NTPC)

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.

On the other hand, the NVVN is being remodeled to become the NTPC’s ‘energy transition’ company so that it undertakes projects that contribute to the company’s ESG (environment, social and governance) targets.

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.


An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber