India: NTPC to buy hydropower firms THDC & Neepco for $1.64b

India: NTPC to buy hydropower firms THDC & Neepco for $1.64b

visual from NTPC site

India’s largest power generation utility—NTPC Ltd—-on Thursday announced the Rs11,500 crore acquisition of hydropower firms THDC India Ltd and North Eastern Electric Power Corporation Ltd. (Neepco), as part of one of the government’s largest asset-sale exercises.