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Mint
21-07-2025
- Business
- Mint
India green lights restructuring of THDC, NEEPCO boards amid a push for expediting hydropower projects
New Delhi: The Department of Public Enterprises (DPE) has green-lit a proposal to restructure the boards of NTPC subsidiaries THDC India Ltd (THDCIL) and North Eastern Electric Power Corp. Ltd (NEEPCO), making them 'leaner' amid a push for hydropower projects along India's eastern and north-western borders. In a communication dated 18 July to the union ministry of power, reviewed by Mint, DPE agreed with the ministry's proposal for having a non-executive chairperson and re-designation of the post of managing director on the board of NEEPCO and THDCIL. When implemented, the chairman and managing director of India's largest power generation utility NTPC Ltd will not have operational control of these strategic hydropower firms and will serve as their non-executive chairman. The appointment of managing directors at THDC and NEEPCO would take place as per the guidelines of DPE, under the union ministry of finance, through the Public Enterprises Selection Board and Appointments Committee of the Union cabinet. Currently, R.K. Vishnoi is the CMD of THDCIL, while the CMD of NTPC Gurdeep Singh holds additional charge as the CMD of NEEPCO. Further, DPE has suggested further changes to the boards in order to make them "leaner" and "improve efficiency, coordination, and decision-making" and asked the power ministry to come up with a revised proposal. The posts of directors—finance, technical and personnel—at THDC and NEEPCO would be abolished, but the director (finance) of NTPC will be present in all major board meetings concerning financial issues. 'Director (Finance) is an important post for exercise of delegated powers under the Miniratna scheme. As per DPE guidelines the Government Directors, the Director Finance and the concerned Functional Director(s) must be present when major decisions are taken, especially when they pertain to investments, expenditure or organizational/capital restructuring. As the post of Director (Finance) for NEEPCO and THDCIL is proposed to be abolished, Director (Finance) of NTPC should remain present in meetings related to major decisions in all important financial matters delegated to the board of NEEPCO & THDCIL are taken,' the communication said. THDC, a joint venture of NTPC and the government of Uttar Pradesh has key hydro projects in Uttarakhand including the Tehri, Koteshwar and Vishnugad Pipalkoti projects along with other renewable and thermal projects in other parts of the country. Established in July 1988 with the primary objective of developing, operating and maintaining the 2.4 GW Tehri Hydroelectric Project Complex, THDCIL currently has a 4.35 GW operational power generation capacity across energy sources. Initially, the equity of the company was held in the ratio of 75:25 between the government of India and government of Uttar Pradesh. As a strategic disinvestment, NTPC Ltd took over the Centre's share on 25 March 2020. As a result, THDCIL became a subsidiary of NTPC, with equity now held by NTPC Ltd and the government of Uttar Pradesh in the ratio of 74.496% and 25.504%. According to the company website, THDC India commenced commercial operation of Unit-I (660 MW) of Khurja Super Thermal Power Plant (2×660 MW) and Unit-I (250 MW) of Tehri PSP (Pump Storage Plant) (4×250 MW) in 2025. NEECPO, incorporated in 1976 to plan, investigate, design, construct, generate, operate and maintain power stations in the north eastern region, operates six hydro, three thermal and one solar power plant with a combined installed capacity of 2.05 GW, spread across different states in the northeastern region. NEEPCO commissioned its largest Hydro Project Kameng HPS (600 MW) in the north-east region in 2020-21. Since March 2020, the company has become a wholly owned subsidiary of NTPC. In March 2020, NTPC had acquired Centre's stake in both the companies for about ₹ 11,500 crore. The ministry of power had also suggested increasing the number of nominee directors of the government or NTPC to four from the current two. DPE, however, has suggested that the number should be at two. "As per DPE guidelines, the number of nominee directors should be restricted to maximum of two or should not exceed one-sixth of the actual strength of the Board. NTPC is represented through chairperson and director (finance) would also be there on all important financial matters. Accordingly, Nominee Directors of NTPC on the board of NEEPCO & THDCIL may be discontinued and the government nominee directors from government of India and respective state governments should be continued," it said in the notification. Further, DPE, which comes under the ministry of finance has agreed on reducing the number of independent directors from the current eight to three, even lower than the number suggested by the power ministry at six. It noted that the number of non official part-time directors or independent directors should be at least one-third of the actual strength of the board. and for Miniratna companies, boards should have at least three non-functional directors. "As suggested above, NTPC would be represented through Chairperson. Director (Finance), NTPC must be present when major decisions are taken, especially when they pertain to investments, expenditure or organizational/capital restructuring. Nominee Directors of NTPC on the board of NEEPCO & THDCIL are suggested to be discontinued," it said. DPE in its notification said that the ministry of power, NEEPCO and THDCIL should reconsider this composition in the light of the existing DPE guidelines. "With regards to the current incumbents holding board positions, the Ministry may take such decisions as it deems appropriate. MoP is requested to submit a revised proposal as per suggestions given above," the notification said. As per the suggestions made by the DPE, the total strength of the board would be seven members, down from the current 14. The move comes at a time when the government is looking at enhancing the hydro power capacity in the country, more so in the border states. Queries sent to the department of public enterprises and the ministry of power, NTPC, THDCIL and NEEPCO remained unanswered till press time.
Time of India
21-07-2025
- Business
- Time of India
Govt approves restructuring of boards at NTPC arms THDC India, NEEPCO
The government has approved the restructuring of the boards of THDC India and NEEPCO , both arms of state-owned power giant NTPC . The Ministry of Power (MoP) had proposed the appointment of a non-executive chairperson and the re-designation of the post of CMD to Managing Directors (MD) on the board of NEEPCO and THDCIL, as per an official document. Explore courses from Top Institutes in Select a Course Category Degree Finance Operations Management healthcare Artificial Intelligence Design Thinking Technology Data Analytics MBA Healthcare Others Public Policy Product Management others Data Science Data Science Leadership Management PGDM Digital Marketing MCA Cybersecurity Project Management CXO Skills you'll gain: Data-Driven Decision-Making Strategic Leadership and Transformation Global Business Acumen Comprehensive Business Expertise Duration: 2 Years University of Western Australia UWA Global MBA Starts on Jun 28, 2024 Get Details After restructuring, the CMD of NTPC shall be the non-executive Chairperson of North Eastern Electric Power Corporation (NEEPCO) and THDCIL, while the MDs at THDCIL and NEEPCO shall be appointed as per the extant Department of Public Enterprises guidelines, through the Public Enterprises Selection Board and Appointments Committee of the Cabinet. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Up to 70% off | Libas Purple Days Sale Libas Undo There will be no post of Director (Technical), Director (Finance) and Director (Personnel) at the two entities now, according to the notification dated July 18. As the post of Director (Finance) for NEEPCO and THDCIL is proposed to be abolished, the Director (Finance) of NTPC should be present in meetings where major financial decisions delegated to the boards of NEEPCO and THDCIL are taken. Live Events There will be two government/NTPC nominee directors and three independent directors on the respective boards of the company. The total strength of the board will now be seven members, down from the current 14. "With regards to the current incumbents holding board positions, the ministry may take such decisions as it deems appropriate. MoP is requested to submit a revised proposal as per suggestions given above," the notification said. In March 2020, NTPC announced entering into Share Purchase Agreements with the Government of India to acquire 74.496 per cent equity stake in THDC India Limited (THDCIL) and 100 per cent equity stake in North-Eastern Electric Power Corporation Limited (NEEPCO).
Time of India
13-07-2025
- Business
- Time of India
CM: Power projects with 1 lakh cr investment underway in Arunachal
1 2 New Delhi: Multiple hydro-power projects with an investment of over Rs 1 lakh crore are underway in Arunachal Pradesh to produce 18,000 MW of power, chief minister Pema Khandu has said. Five of these projects of 2,620 MW have been allocated by the state govt to the North Eastern Electric Power Corporation Ltd (NEEPCO), five projects of 5,097 MW to Satluj Jal Vidyut Nigam Ltd (SJVN) and two projects with a capacity of 3,800 MW to the National Hydroelectric Power Corporation. "As of now, on the ground, the work for generating a total of 18,000 MW of hydro-power is on. In the coming days, we will add more projects. All these projects involved more than Rs 1 lakh crore investment," Khandu told PTI in an interview here. He said these projects were earlier allotted to private sector developers but remained non-starters due to various reasons. Arunachal Pradesh govt, therefore, decided to rope in central hydro PSUs to give a push to the languishing projects. "These projects remained on paper only as the developers did not take an initiative. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like นี่อาจเป็นโอกาสทองที่ดีที่สุดในรอบ 5 ปีสำหรับการเทรดทองคำ IC Markets อ่านเพิ่มเติม Undo After I became the chief minister, I reviewed all the projects and cancelled them. I have conveyed to the central govt that a hydro power project means big investment. Private companies are not in a position to execute them. Only the Govt of India should take the initiative," he said. The chief minister said the state govt held a meeting with the Prime Minister and, after that, zeroed in on central PSUs — NHPC, NEEPCO and SJVN — and signed agreements basin-wise. He said wherever there were immediate doable projects, the state govt signed the MoUs for the development of 13,000 MWs last year. "Besides these, there are some ongoing projects like the Lower Subansiri hydro-electric project of 2,000 MW. It will start generating power from next year. There is one more project which is even bigger than the Lower Subansiri — that will produce 2880 MW power. Work on this project has also started," he said. Once operational, the Lower Subansiri hydro-power project will be the biggest hydropower plant of India. After that, the proposed 2,880 MW Dibang multipurpose hydroelectric project is expected to be commissioned in 2032. It will also have the tallest dam in India with a height of about 288 metres. PTI
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Business Standard
13-07-2025
- Business
- Business Standard
Power projects with ₹1 trn investment underway in Arunachal: CM Pema Khandu
Multiple hydro-power projects with an investment of over ₹1 trillion are underway in Arunachal Pradesh to produce 18,000 MW of power, Chief Minister Pema Khandu has said. Five of these projects of 2,620 MW have been allocated by the state government to the North Eastern Electric Power Corporation Ltd (NEEPCO), five projects of 5,097 MW to Satluj Jal Vidyut Nigam Ltd (SJVN) and two projects with a capacity of 3,800 MW to the National Hydroelectric Power Corporation (NHPC). "As of now, on the ground, the work for generating a total of 18000 MW of hydro-power is on. In the coming days, we will add more projects. All these projects involved more than ₹1 trillion investment," Khandu told PTI in an interview here. He said these projects were earlier allotted to private sector developers but remained non-starters due to various reasons. The Arunachal Pradesh government, therefore, decided to rope in central hydro PSUs to give a push to the languishing projects. "These projects remained on paper only as the developers did not take an initiative. "After I became the chief minister, I reviewed all the projects and cancelled them. I have conveyed to the central government that a hydro power project means big investment. Private companies are not in a position to execute them. Only the government of India should take the initiative," he said. The chief minister said the state government held a meeting with the prime minister and, after that, zeroed in on central PSUs -- NHPC, NEEPCO and SJVN -- and signed agreements basin-wise. He said wherever there were immediate doable projects, the state government signed the MoUs for the development of 13000 MWs last year. "Besides these, there are some ongoing projects like the Lower Subansiri hydro-electric project of 2000 MW. It will start generating power from next year. "There is one more project which is even bigger than the Lower Subansiri -- that will produce 2880 MW power. Work on this project has also started," he said. Once operational, the Lower Subansiri hydro-power project will be the biggest hydropower plant of India. After that, the proposed 2880 MW Dibang multipurpose hydroelectric project is expected to be commissioned in 2032. It will also have the tallest dam in India with a height of about 288 metres. There are five major river basins in Arunachal Pradesh -- Kameng, Subansiri, Siang, Dibang and Lohit. As per comprehensive studies carried out by the government, the hydro power potential of Arunachal Pradesh is assessed to be around 67,000 MW. However, this huge potential is yet to be realised. Besides the major river systems, the state is also blessed with numerous small to medium-sized rivers with favourable hydropower development parameters like available head and ample perennial discharge, like the Tawang Chu, Nyamjangchu, Panyor, Sissiri, Kamle, Dihing, etc. The state is crisscrossed by small rivulets, which are perennial in nature and provide ideal conditions for developing projects in the category of micro and mini and small hydro-power projects.
Time of India
13-07-2025
- Business
- Time of India
Power projects with Rs 1 lakh crore investment underway in Arunachal Pradesh: CM Pema Khandu
Arunachal Pradesh is set to become a hydro-power hub with projects worth over Rs one lakh crore underway, aiming to generate 18,000 MW of power. Chief Minister Pema Khandu highlighted the allocation of projects to central PSUs like NEEPCO, SJVN, and NHPC after previous private ventures stalled. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Multiple hydro-power projects with an investment of over Rs one lakh crore are underway in Arunachal Pradesh to produce 18,000 MW of power, Chief Minister Pema Khandu has of these projects of 2,620 MW have been allocated by the state government to the North Eastern Electric Power Corporation Ltd ( NEEPCO ), five projects of 5,097 MW to Satluj Jal Vidyut Nigam Ltd SJVN ) and two projects with a capacity of 3,800 MW to the National Hydroelectric Power Corporation ( NHPC )."As of now, on the ground, the work for generating a total of 18000 MW of hydro-power is on. In the coming days, we will add more projects. All these projects involved more than Rs 1 lakh crore investment," Khandu told PTI in an said these projects were earlier allotted to private sector developers but remained non-starters due to various reasons. The Arunachal Pradesh government, therefore, decided to rope in central hydro PSUs to give a push to the languishing projects."These projects remained on paper only as the developers did not take an initiative."After I became the chief minister, I reviewed all the projects and cancelled them. I have conveyed to the central government that a hydro power project means big investment. Private companies are not in a position to execute them. Only the government of India should take the initiative," he chief minister said the state government held a meeting with the prime minister and, after that, zeroed in on central PSUs - NHPC, NEEPCO and SJVN - and signed agreements said wherever there were immediate doable projects, the state government signed the MoUs for the development of 13000 MWs last year."Besides these, there are some ongoing projects like the Lower Subansiri hydro-electric project of 2000 MW. It will start generating power from next year."There is one more project which is even bigger than the Lower Subansiri -- that will produce 2880 MW power. Work on this project has also started," he operational, the Lower Subansiri hydro-power project will be the biggest hydropower plant of that, the proposed 2880 MW Dibang multipurpose hydroelectric project is expected to be commissioned in 2032. It will also have the tallest dam in India with a height of about 288 are five major river basins in Arunachal Pradesh - Kameng, Subansiri, Siang, Dibang and per comprehensive studies carried out by the government, the hydro power potential of Arunachal Pradesh is assessed to be around 67,000 MW. However, this huge potential is yet to be the major river systems, the state is also blessed with numerous small to medium-sized rivers with favourable hydropower development parameters like available head and ample perennial discharge, like the Tawang Chu, Nyamjangchu, Panyor, Sissiri, Kamle, Dihing, state is crisscrossed by small rivulets, which are perennial in nature and provide ideal conditions for developing projects in the category of micro and mini and small hydro-power projects.
