Stocks

Will trading licence light up NHPC?

| Updated on January 09, 2018 Published on December 21, 2017

The board of directors of NHPC on Thursday approved amending the company’s Memorandum of Association to enable it to apply to power regulator CERC for a trading licence. The decision is in line with the Power Ministry’s plan to make NHPC an aggregator to help meet the demand of peaking power.

At present, NHPC cannot do so because it does not have a trading licence. The amendment to the MoU will be subject to shareholders’ approval.

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Published on December 21, 2017
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