A 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.
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