NHPC’s board has approved the proposal regarding formation of a Wholly Owned Subsidiary which will act as an investment vehicle and company for commissioned hydropower projects for facilitating the monetization of investment made, subject to approval of Government of India. The Board has also accorded its investment approval to contribute initial equity of Rs 5 crore by NHPC in the proposed Subsidiary Company. The Board of Directors of the company in its meeting held on September 24, 2021 has considered and approved the same.
NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.
