NHPC  to acquire 2 per cent equity stake of PTC India in CVPPL

NHPC Limited will be acquiring the entire 2 per cent equity stake of PTC India Limited in Chenab Valley Power Projects Private Limited (CVPPL).

The Ministry of Power has recently conveyed approval of competent authority for taking over the equity stake. CVPPL is a joint venture company between NHPC (49 per cent), Jammu and Kashmir Power Development Corporation (JKSPDC) (49 per cent) and PTC (2 per cent). It is building four hydroelectric projects (HEPs) in Kashmir with aggregate installed capacity of 3,094 MW on a build, own, operate and maintain basis. The projects are Pakal Dul HEP (1,000 MW), Kiru HEP (624 MW), Kwar HEP (540 MW) and Kirthai-II HEP (930 MW).

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