North Eastern Electric Power Corporation (Neepco) has been conferred with the status of 'Miniratna - Category 1' on the North Eastern Electric Power Corporation (Neepco). With this elevation to Miniratna - Category 1 status, Neepco will now be able to take certain investment decisions on its own without going through the Union power ministry. Neepco was earlier a schedule 'A' corporation.
Neepco officials said the new status will facilitate expeditious execution of projects, including joint venture with public and private sector utilities in and outside the northeast. Neepco has been playing a pivotal role in the power sector of the region and has been contributing to almost 50 per cent of the power requirement of the northeast.
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