The Competition Commission of India (CCI) favors the securing of 100% of the gave and settled up share capital of North Eastern Electric Power Corporation (“NEEPCO”/”Focus”) by NTPC Limited (“NTPC”/”Acquirer”) from Government of India (“GoI”), under Section 31(1) of the Competition Act, 2002
The Proposed Combination identifies with the securing of 100% of the gave and settled up share capital of the Target by the Acquirer from GoI.
NTPC is a Maharatna Company having nearness in the force age business. The main business movement of the organization is electric force age through coal based warm force plants. NTPC is additionally occupied with the matter of age of power from hydro and sustainable power sources.
NEEPCO is a force utility, essentially working in the north-eastern area of India. The vital business movement of the Target is age of intensity through hydro, warm and sun powered force stations.
The CCI affirmed the Proposed Combination under Section 31(1) of the Act.