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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
26-06-2025
- Business
- Time of India
THDC India to supply 184 MW clean power to Gujarat from Tehri PSP
New Delhi: State-owned THDC India has signed an agreement with the Gujarat government to supply 184.08 MW clean energy from its pumped storage plant (PSP) in Uttarakhand. The agreement with Gujarat is aimed at supporting Gujarat's peak-hour power demand and enabling the large-scale integration of renewable energy (RE) into the grid, THDC India said in a statement on Thursday. The agreement was signed between THDC India Director (Finance) Sipan Kumar Garg and GUVNL MD Anupam Anand, in presence of Kanubhai Desai, Minister of Finance, Energy and Petrochemicals, Government of Gujarat and THDC India CMD R K Vishnoi on Wednesday in Gandhinagar. "The agreement reinforces THDCIL's commitment to driving the energy transition through innovative hydropower technologies. With India's first Variable Speed Pumped Storage Plant, we are offering Gujarat a reliable and green energy solution to meet its dynamic peak-hour requirements," THDC India Ltd CMD Vishnoi said. THDC India Ltd, a subsidiary of NTPC, has constructed a 1,000 MW (250 MW x 4 units) PSP project at Tehri in Uttarakhand. The first unit began commercial operations of electricity earlier this month. On the agreement, THDC India Ltd (THDCIL) further said it is aligned with the Government of India's vision of promoting pumped storage projects as a reliable solution for flexible generation and grid balancing, particularly in the face of rising renewable penetration and variable demand patterns. THDCIL has an overall installed power generation capacity of 2497 MW, including 1,865 MW under various stages of construction. The company generates power from sources like hydro and pumped storage, thermal, wind and solar. PTI
Time of India
04-06-2025
- Business
- Time of India
Tehri variable speed PSP's first unit of 250 MW begins commercial operations
New Delhi: THDC India Limited (THDCIL) announced the commencement of the commercial operation declaration (COD) process of the first 250 megawatt (MW) unit of the 1,000 MW Variable Speed Pumped Storage Plant (PSP) at Tehri in Uttarakhand. According to the company, the Tehri PSP is the largest of its kind developed by any Central Public Sector Enterprise (CPSE) and the first variable speed PSP in the country. The COD process of the unit was virtually addressed by Union Minister of Power, Housing and Urban Affairs Manohar Lal. The event was attended by Pankaj Agarwal, Secretary, Ministry of Power; Akash Tripathi, Additional Secretary, Ministry of Power; Gurdeep Singh, Chairman and Managing Director (CMD), NTPC; and senior officials of THDCIL. 'The successful operation of the first unit of India's first Variable Speed Pumped Storage Plant at Tehri is not just a technological achievement by THDCIL, but a bold stride towards India's energy self-reliance. The project will significantly strengthen our grid stability and support the integration of renewable energy. Variable speed technology allows us to manage power flow with precision,' the minister said. Pankaj Agarwal said, 'The Variable Speed Pumped Storage Plant at Tehri is a path-breaking development that significantly strengthens our grid flexibility. It plays a pivotal role in our mission to integrate increasing amounts of renewable energy and transition towards a cleaner, more reliable energy ecosystem.' NTPC CMD Gurdeep Singh said, 'This milestone reflects the high-end engineering capabilities of Indian PSUs in the hydropower sector. It sets a powerful precedent for future PSP developments across the nation.' R.K. Vishnoi, CMD, THDCIL, said, 'Once fully operational, this project will elevate the Tehri Hydro Power Complex's capacity to 2,400 MW, making it India's largest Hydropower Complex. This project will be instrumental in converting off-peak surplus energy into peaking power, enhancing grid resilience and supporting round-the-clock power availability.' The 250 MW variable speed unit and its associated power electronics have been supplied by GE Vernova, which is also part of the project consortium alongside Hindustan Construction Company (HCC) and other stakeholders. The project is designed to provide flexible peaking power and critical grid balancing support, enabling management of intermittent renewable energy generation. The commissioning event also saw the participation of L.P. Joshi, Executive Director (Tehri Complex), and other senior officials from THDCIL and GE Vernova
