Business   

NEEPCO embarks on expansion programme

GUWAHATI: The Department of Public Enterprises has given its concurrence to upgrading of the North Eastern Electric Power Corporation (NEEPCO) as a Schedule ‘A’ company from its present status of Schedule B.

Schedule ‘A’ is a recognition of national importance related to a compensation structure which is a pre-requisite to getting mini-ratna and navratna status that allows for greater autonomy. NEEPCO is a Central Government public sector enterprise set up in 1976. It has an installed capacity of around 1,130 MW that meets around 60 per cent of the energy needs of the eight North-Eastern States. During a review of the functioning of NEEPCO in Shillong on May 2, Union Minister of state for Power Jairam Ramesh had promised his full support to the proposal to upgrade NEEPCO to a schedule A company. The NEEPCO has embarked on an ambitious expansion programme and has six projects on hand that are expected to add an additional 1,380 MW by 2012. In addition, another six projects with a capacity of 3,000 MW are under examination.

NEEPCO has made a proposal to the Assam Government for a joint venture to set up a 480 MW coal-based power project based on the State’s Margherita coal reserves and another proposal to the Meghalaya Government to set up a 500 MW coal-based project based on the State’s Garo Hills coal reserves.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Deora takes up energy security issue with Chinese minister
Nano: Pantnagar an alternative choice?
Mamata urged to end agitation in Singur
NEEPCO embarks on expansion programme
Design differentiates brand

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu