The Competition Commission of India (CCI) approves the acquisition of 100% of the issued and paid-up share capital of North Eastern Electric Power Corporation (“NEEPCO”/ “Target”) by NTPC Limited (“NTPC”/ “Acquirer”) from Government of India (“GoI”), under Section 31(1) of the Competition Act, 2002

The Proposed Combination relates to the acquisition of 100% of the issued and paid-up share capital of the Target by the Acquirer from GoI.

NTPC is a Maharatna Company having presence in the power generation business. The principal business activity of the company is electric power generation through coal based thermal power plants. NTPC is also engaged in the business of generation of electricity from hydro and renewable energy sources.

NEEPCO is a power utility, primarily operating in the north-eastern region of India. The principal business activity of the Target is generation of power through hydro, thermal and solar power stations.

The CCI approved the Proposed Combination under Section 31(1) of the Act.

Detailed order of the CCI will follow.

Merger approval under competition law permits NTPC's acquisition of NEEPCO's entire share capital from the government. The Competition Commission of India approved NTPC Limited's acquisition of 100% of the issued and paid-up share capital of North Eastern Electric Power Corporation from the Government of India under Section 31(1) of the Competition Act, 2002; NTPC is a Maharatna power generator and NEEPCO is a regional power utility operating hydro, thermal and solar stations, and the CCI indicated a detailed order will follow.