The company said it has limited resources and may have to turn to the government to acquire the two smaller hydel companies.
The source stated that besides listing of the three firms, the plan to meet its divestment target of Rs 1,5000 crore also includes sale of its stake in NTPC-SAIL Power Company Ltd (NSPCL), which is expected this fiscal year.
The government was keen to complete the transaction in the ongoing fiscal so as to meet its overall disinvestment target of Rs 1.05 lakh crore for the 2019-20 fiscal.
The land and stake sale is expected to be completed by FY20-end
With three projects in the pipeline, the North Eastern Electric Power Corporation Ltd (NEEPCO) is expected to generate 2,000 MW by the end of the year, Chairman and Managing Director A G West Kharkongor said today.
During the next financial year, NTPC has earmarked a capex of Rs 23,000 crore to finance its ongoing and future projects along with meeting its capital requirements.
The power ministry may call for a meeting to discuss the possibility of merging all state-owned hydro electric units to create one single merged entity. ABL Srivastava, Director-Finance, NHPC shares his views on the same.
The decision was taken at a meeting chaired by Power Minister Jyotiraditya Scindia with CMDs of public sector power firms.
Seeking to avoid bunching of PSU stake sales towards the end of this fiscal, government has decided to kick off disinvestment programme in the April-June quarter of 2013-14 by offloading equity in Hindustan Copper (HCL), THDCIL and NEEPCO.