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NHPC signs MoU with NLCIL for power trading

20 Feb 2019 Evaluate

NHPC has signed a Memorandum of Understanding (MoU) with Neyveli Lignite Corporation of India (NLCIL) in the area of Power Trading on February 18, 2019 at Chennai. As per MoU, NHPC and NLCIL will offer surplus power available with northern and north-eastern region to the bulk consumer in the southern region of the Country at affordable price. Both, NHPC and NLCIL are having category-I trading licence from CERC to trade power in whole of India.

NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.

Peers
Company Name CMP
NTPC 312.05
Tata Power 335.75
Adani Power 188.05
Power Grid Corpn. 246.20
Adani Energy Solut. 1259.10
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