North Eastern Electric Power

What North Eastern Electric Power does

North Eastern Electric Power Corporation Limited (NEEPCO) is a Central Public Sector Undertaking incorporated in 1976 under India's Ministry of Power and operating as a wholly-owned subsidiary of NTPC Limited. The company is classified as a Schedule-A Mini Ratna Category-I CPSU with a statutory mandate to plan, investigate, design, construct, generate, operate, and maintain power stations in India's North Eastern Region. NEEPCO operates a diversified portfolio of 10 power stations with a total installed capacity of 2,051 MW, comprising six hydroelectric stations (1,519 MW total — including Kameng 600 MW, Panyor Lower 405 MW, and Kopili 269 MW), three gas-based thermal stations (527 MW total), and one 5 MW solar installation. The company is headquartered in Shillong, Meghalaya, with a corporate affairs office in New Delhi and operational/coordination offices across Assam, Arunachal Pradesh, Nagaland, Mizoram, and Tripura.

NEEPCO's core technology centers on run-of-the-river hydropower (which harnesses river flow without large storage reservoirs), gas-turbine and combined-cycle thermal generation using natural gas, and solar PV. Its technology differentiators include multi-unit hydro complexes built in geologically sensitive terrain, large-scale pumped storage projects (PSPs) for grid stabilization, and domain specialization in northeast Indian hydrology. The company holds ISO 9001:2015, ISO 14001:2015, ISO 27001:2022, ISO 45001:2018, and ISO 50001:2018 certifications.

NEEPCO generates revenue by selling electricity in bulk to state electricity boards, distribution companies, and regional grids across the eight northeastern states under long-term Power Purchase Agreements at tariffs regulated by CERC/SERCs. For FY2025-26, the company reported sales of Rs 4,071.79 crore and net profit of Rs 769.09 crore (up 31.54% year-on-year). The company maintains a 3,100+ MW pipeline of hydro and pumped storage projects, is expanding into Odisha and Madhya Pradesh through partnerships, and is slated for an IPO listing in FY27 as part of India's National Monetisation Pipeline under its parent NTPC Limited.

Name

North Eastern Electric Power

Legal name

North Eastern Electric Power Corporation Limited

Website

https://neepco.co.in

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

1–10 employees

Short description

North Eastern Electric Power Corporation (NEEPCO) is a Central PSU and NTPC subsidiary that operates 10 power stations totaling 2,051 MW (hydro, gas thermal, solar) across India's northeast, selling bulk power to state electricity boards under regulated long-term PPAs.

Ownership category

akta.pro rank

Product category

Hydroelectric and Thermal Power Generation (Electric Utilities)

NAICS

Electric Power Generation, Transmission and Distribution (2211), Hydroelectric Power Generation (221111), Electric Power Generation (22111)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Electrical Systems O&M (Substations, Transformers, Switchgear, Protection & Controls) (EUAMAGAH)

akta.pro secondary industries

Substation Systems & Integration (EPC, Engineering, Protection, Commissioning) (IMAGAAAC), Substations, Transformers & Grid Step-Up Facilities (EHV Substations, GSU Transformers) (EUAMAFAE)

Keywords

• Hydroelectric power generation
• Thermal power generation
• Renewable energy generation
• Public sector power utility
• Pumped storage hydropower

Headquarters

HQ city

Shillong

HQ country

India

HQ region

Asia

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D, Others

Revenue model

1. Power Generation and Sale: NEEPCO generates electricity from hydro, thermal (gas), and solar power stations and sells it to state electricity boards, distribution companies, and regional grids through long-term power purchase agreements at regulated tariffs. For FY 2025-26, annual sales stood at Rs 4,071.79 crore.
2. Bonds and Capital Raising: NEEPCO raised Rs 7.50 billion rupees through a bond issuance in October 2025 following a decline in bond yields after dovish monetary policy.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

North Eastern Electric Power Corporation Limited (NEEPCO) plans, investigates, designs, constructs, generates, operates and maintains power stations in the North Eastern Region of India. The company operates an installed capacity of 2,051 MW comprising six hydroelectric stations (1,519 MW), three gas-based thermal stations (527 MW), and one solar power station (5 MW), selling bulk power to state electricity boards and distribution companies under regulated long-term power purchase agreements. It is also developing 3,100+ MW of additional hydropower and pumped storage capacity across India.

Product overview

North Eastern Electric Power Corporation (NEEPCO) operates as a power generation company managing a diversified portfolio of 10 operational power stations with a total installed capacity of 2,051 MW across India's northeastern region. The portfolio comprises six hydroelectric stations (Kopili, Doyang, Panyor Lower, Tuirial, Pare, and Kameng) totaling 1,519 MW, three gas-based thermal stations (Assam, Agartala, and Tripura Gas Based Power Stations) totaling 527 MW, and one solar power station (Monarchak) with 5 MW capacity. NEEPCO, a wholly-owned subsidiary of NTPC Limited, also has several projects in the pipeline including the 1,000 MW Naying Hydroelectric Project in Arunachal Pradesh, pumped storage projects in Madhya Pradesh, Odisha, and Assam, and expansion projects in Meghalaya.

Differentiator

Problem solved

Functional benefit

Products and services

• Kopili Hydro Power Station (KHPS) A hydroelectric power station with installed capacity of 269 MW (200+46+23 MW units), located at Umrangso in Dima Hasao district, Assam; power sold to state electricity boards in northeast India under long-term PPAs.
• Doyang Hydro Power Station (DHPS) A hydroelectric power station with installed capacity of 75 MW (3x25 MW units), located at Wokha district, Nagaland; supplies bulk power under regulated PPAs.
• Panyor Lower Hydro Power Station (PLHPS) A 405 MW (3x135 MW) run-of-the-river hydroelectric facility (formerly known as Rangnadi Hydro Power Station), located at Yazali in Lower Subansiri district, Arunachal Pradesh; generation data tracked through May 2026, including 1,078.1160 MU for FY 2025-26.
• Tuirial Hydro Power Station (THPS) A hydroelectric power station with installed capacity of 60 MW (2x30 MW units), located at Kolasib district, Mizoram; supplies bulk power under regulated PPAs.
• Pare Hydro Power Station (PHPS) A hydroelectric power station with installed capacity of 110 MW (2x55 MW units), located at Papum Pare district, Arunachal Pradesh; supplies bulk power under regulated PPAs.
• Kameng Hydro Power Station (KaHPS) A 600 MW hydroelectric project (4x150 MW units) located in West Kameng district, Arunachal Pradesh; all units achieved commercial operation between June 2020 and February 2021; supplies bulk power under regulated PPAs.
• Assam Gas Based Power Station (AGBPS) A 291 MW gas-based power station (6x33.50 MW gas turbines plus 3x30.00 MW steam turbines) located at Bokuloni village, Dibrugarh district, Assam; supplies bulk power under regulated PPAs using natural gas from upstream suppliers including Oil India Limited.
• Agartala Gas Based Power Station (AGTPS) A 135 MW combined cycle gas-based power station (4x21 MW + 2x25.5 MW units) located at Ramachandranagar, West Tripura; supplies bulk power under regulated PPAs.
• Tripura Gas Based Power Station (TGBPS) A 101 MW gas-based power station (1x65.42 MW gas turbine + 1x35.58 MW steam turbine) located at Monarchak, Sonamuda, Dhanpur, Sipahijala district, Tripura; supplies bulk power under regulated PPAs and co-located with a 5 MW solar installation.
• Monarchak Solar Power Station A 5 MW solar power station located in Sipahijala district, Tripura; co-located with the Tripura Gas Based Power Station (TGBPS); supplies power under regulated PPAs as part of NEEPCO's renewable energy portfolio.

Quantifiable outcome

• 31.54% increase in full-year net profit to Rs 769.09 crore in FY2026
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• NTPC Limited (Parent Company)coreOthers · 8 May 2026NEEPCO is a wholly-owned subsidiary of NTPC Limited. NTPC plans to list NEEPCO and THDC India Ltd in FY27 through the Department of Investment and Public Asset Management (DIPAM). NTPC holds 100% stake in NEEPCO.
• Grid Corporation of Odisha Limited (GRIDCO)minorStrategic or Co-development Partner · 28 February 2026NEEPCO and GRIDCO signed an MoU to jointly identify and develop renewable energy projects across Odisha. The partnership focuses on project development, grid integration, resource assessment, and joint feasibility studies for wind, solar, and hybrid projects. A joint working group will prioritize projects, develop implementation pipelines, coordinate financing, and contractor selection.
• Government of India (Pragati Scheme)coreOthers · 10 January 2026NEEPCO was among CPSUs that commissioned 2 hydropower projects under the Government of India's Pragati infrastructure monitoring scheme, which has approved 237 power sector projects worth over Rs 10 lakh crore over 10 years.
• Oil India Limited (OIL)coreStrategic or Co-development Partner · 14 October 2025Oil India (OIL) and NEEPCO signed a 15-year gas supply agreement to provide natural gas for NEEPCO's power station in Dibrugarh district, Assam. The contract extends a previous 10-year agreement and secures regional energy needs by ensuring uninterrupted fuel supply to the Assam Gas Based Power Station.
• Odisha GovernmentcoreStrategic or Co-development Partner · 9 October 2025NEEPCO is among multiple companies that signed agreements with the Odisha government to develop renewable energy projects worth Rs 67,000 crore, including 6.8 GW of capacity such as pumped storage, solar, and hydro energy. The initiative aims to position Odisha as a renewable energy hub.
• Government of AssamminorStrategic or Co-development Partner · 26 February 2025NEEPCO and the Government of Assam signed an MoU on February 26, 2025 for the development of Kopili Pumped Storage Project (320 MW). Topographic and hydrographic survey has been completed and pre-feasibility report is in progress.
• Power Management Institute (PMI), NTPC LimitedminorStrategic or Co-development Partner · 9 May 2024NEEPCO and NTPC's Power Management Institute (PMI) signed an MoU on May 9, 2024 to promote training and capacity building cooperation. The agreement provides NEEPCO employees with cross-credentialing opportunities for skill enhancement in new and innovative technologies, technical and professional training, and professional development.
• School of Internal Security and Police Administration (SISPA), RRUminorStrategic or Co-development Partner · 29 February 2024NEEPCO and SISPA, RRU signed an MoU on February 29, 2024 to provide best-in-class training and development opportunities for the workforce, encourage innovation in research, general safety, and consulting. The agreement was signed at Rashtriya Raksha University, Gandhinagar, Gujarat.
• Government of MeghalayaminorStrategic or Co-development Partner · 25 October 2022NEEPCO and the Government of Meghalaya signed an MoU on October 25, 2022 for the development of Wah Umiam Hydroelectric Project Phase-I (50 MW) and Phase-II (100 MW) hydropower projects.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• NHPC Limited: India's largest hydroelectric power CPSU under the Ministry of Power with ~7 GW installed hydro capacity across multiple states. Directly comparable as a government-owned hydro-dominated generator selling bulk power under regulated PPAs, with similar capital-intensive project pipelines and the same regulatory framework as NEEPCO.
• SJVN Limited: Hydro-focused CPSU jointly promoted by the Government of India and Himachal Pradesh with ~2 GW operational capacity across hydro, solar, and wind. Directly comparable as a listed CPSU hydro operator with diversified renewable pipeline, similar revenue model, and recent listing trajectory relevant to NEEPCO's planned FY27 IPO.
• THDC India Limited: NTPC subsidiary and hydro CPSU operating Tehri Dam complex (~1.5 GW) with pumped storage and solar expansion plans. Directly comparable as an NTPC-owned hydro CPSU being prepared for FY27 listing alongside NEEPCO, sharing parent, business model, and regulatory framework.

Broad incumbents

• Tata Power Company Limited: India's largest integrated private power company with diversified generation portfolio including hydro, thermal, solar, and wind, plus T&D and renewables EPC arms. Broad incumbent in the Indian power sector with overlapping utility-scale generation and renewable energy focus.
• NTPC Limited: India's largest power utility and NEEPCO's 100% parent, with ~75 GW of installed capacity spanning coal, gas, hydro, solar, and wind. A broad incumbent in the same industry that subsumes NEEPCO's strategy and provides capital, training, and operational synergies to the subsidiary.
• JSW Energy Limited: Private-sector Indian power generator with thermal, hydro, solar, and wind assets totaling ~10 GW, expanding into energy storage. Broad incumbent offering an integrated utility comparable to NEEPCO's generation-focused but with private-sector capital flexibility.
• Power Grid Corporation of India Limited: India's central power transmission utility operating the EHV interstate transmission network including substations and HVDC links. Adjacent incumbent that handles the bulk transmission infrastructure NEEPCO's generation evacuates into, with overlapping expertise in substations and grid systems.

Emerging players

• NHPC (with focus on Northeast hydro and pumped storage): NHPC is developing pumped storage and large hydro projects in Northeast India (e.g., Subansiri Lower), creating direct overlap with NEEPCO's traditional Northeast hydro territory and pumped storage pipeline, intensifying regional competition.
• Satluj Jal Vidyut Nigam (SJVN) Subsidiary Green Energy Ventures: SJVN's renewable and pumped storage subsidiary is pursuing pan-India projects including in states where NEEPCO is expanding (e.g., pumped storage in Madhya Pradesh, Odisha), creating emerging competitive overlap on PSP and hybrid renewable opportunities.

Regional players

• Damodar Valley Corporation (DVC): Statutory corporation operating integrated thermal and hydro generation across West Bengal and Jharkhand under the Ministry of Power. Regionally comparable CPSU peer with similar multi-state hydro-thermal portfolio structure, though focused on eastern India rather than the Northeast.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/search
• Facebookfacebook.com/NEEPCOIndia
• LinkedInlinkedin.com/company/north-eastern-electric-power-corporation-neepco-

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about North Eastern Electric Power