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NHPC to acquire 2% equity of PTC India Ltd. in CVPPPL
After the acquisition of additional 2% shares, CVPPPL will become a subsidiary company of NHPC (with 51% share).
New Delhi: Ministry of Power in consultation with the Department of Investment & Public Asset Management (DIPAM) has conveyed approval to NHPC for taking over 2% equity of PTC India Ltd. in Chenab Valley Power Projects Pvt. Ltd (CVPPPL). After the acquisition of additional 2% shares, CVPPPL will become a subsidiary company of NHPC (with 51% share).
Presently, CVPPPL is a Joint Venture Company among NHPC (49%), JKSPDC (49%), and PTC India Ltd. (2%), formed at the initiative of the Government of J&K and Government India to harness the vast hydro potential of river Chenab.
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