North Eastern Electric Power Corporation Limited
North Eastern Electric Power Corporation Limited (NEEPCO) is a schedule-A 'MINI RATNA' Category-1 Central public sector Enterprise owned by the "Maharatna" National Thermal Power Corporation Limited(NTPC Ltd), formed on 2 April 1976 to plan, investigate, design, construct, generate, operate and maintain power stations in the North Eastern Region of the country.
| Fully owned subsidiary of NTPC Ltd. | |
| Industry | Electricity |
| Founded | 2 April 1976 |
| Headquarters | Shillong, Meghalaya, India |
Area served | Northeastern India |
Key people | V.K Singh, Chairman |
| Products | Electricity generation |
| ₹2,108 crore (US$300 million) | |
| Owner | Ministry of Power (India) |
Number of employees | 1,878 (May 2020) |
| Website | www |
Power generation
It has 60% of total installed capacity of North east region, which is 1757 MW. NEEPCO's authorised share capital is Rs.5000 Crores at present and its net worth as of 31 March 2019 is Rs.6300 Crores. NEEPCO is a premier profit making corporation and also offer one of the best pay packages in the industry.
Venture
NEEPCO is embarking on a plan to generate power from non-conventional sources of energy, especially by tapping solar power and wind in the comming years. NEEPCO has 1 power project under development namely 600 MW Kameng HEP.[1]
NTPC Limited Takeover
On 21 November 2019, the Government of India approved the take over of North Eastern Electric Power Corporation Limited (NEEPCO) by NTPC Limited.