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Government – Power sector IPOs

July 31, 2008

The Power ministry is looking to get three of Government controlled power companies listed over next few months. The first to hit the market will be National Hydro Power Corporation (NHPC). Other companies on ministry’s radar include Damodar Valley Corporation (DVC) and North Eastern Electric Power Corporation (NEEPCO).

We have reliably learnt that Delhi government may pick up 20% stake in DVC’s upcoming subsidiary.The ministry may give its go ahead to DVC’s IPO once the company floats its subsidiary. DVC has already appointed a consultancy firm towards finding the right path to equity market. The Delhi government may pick up 20% stake in DVC’s upcoming subsidiary as the company will become a major source of power to the state.

NTPC’s follow on public offer is also in the offing.

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