NTPC is likely to shut down one affiliate and exit a JV with Alstom SA.

NTPC is looking at winding up NTPC Hydro (NHL) and leaving NTPC-Alstom Power Services, as suggested in a draft report submitted by consultant Deloitte Touche Tohmatsu India. While NHL was set up to develop small- and medium-sized hydropower projects, NTPC-Alstom, an equal JV between NTPC and Alstom Power Generation AG, was set up for renovation and modernisation of power plants.

Also, the report recommended a timed exit by NTPC from equipment manufacturing JVs such as NTPC-Bhel Power Projects, BF NTPC Energy Systems (BFNESL) and NTPC-Telk, a tie-up with Transformers and Electricals Kerala. NTPC has 19 JVs and five subsidiaries in areas such as electricity distribution, services, energy efficiency, equipment manufacturing, power trading, power exchange and coal mining. The firm has also formed a new JV with the Asian Development Bank and Kyuden International Corporation to develop clean energy projects.

Also See:
NTPC may form coal logistics JV (29-November-11)