REC and PFC may buy government’s shares in NHPC

The Ministry of Power has issued direction to the financial institutions it controls in the power sector – the Rural Electrification Corporation and Power Finance Corporation – to take stakes in NHPC Limited. The move aims to meet the central government’s target of undertaking disinvestment to the tune of Rs 695 billion in 2015-16. The government currently holds 85.96 per cent stake in NHPC.

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