Shillong, Oct 3: Four trade unions of the North Eastern Electric Power Corporation Ltd (NEEPCO) have expressed resentment over the recent development of merger and acquisition of NEEPCO with other PSUs.

The four unions said that merger of NEEPCO with other entity will not be in the best interest of the employees and the region. At present 95 per cent of the corporation are from the region and merger of corporation will have long term effect in terms of employment and other benefits of the region.

Opposing such merger, disinvestment, privatization by the Ministry of Power, the trade unions said NEEPCO was established in the year 1976 under the North Eastern Council not only to tap vast hydro power potential in the region but also for socio economic development of citizens of North Eastern region.

The corporation has its installed capacity of 1,457 MW and soon going to commission another 600 MW in Kameng Hydro Electric Project in Arunachal Pradesh.

The trade unions are fully cooperating with the management and there is no industrial disharmony in the corporation, they said.

According to them, a sense of fear has already gripped in the mind of the employees ever since the news about merger of the corporation came up.

The trade unions further demanded that the Ministry of Power to take all stakeholders on board before taking any such decision since the scope of employment in NE region is limited and the present trend of disinvestment of PSUs and merger of banks by the Centre will contribute to more unemployment.