Millennium Post

NTPC to decide on asset buys by fiscal-end

NTPC to decide on asset buys by fiscal-end
“We will make an announcement before March 31, 2015. We have identified 7-8 private power projects for acquisition,” NTPC Chairman and Managing Director Arup Roy Choudhury told reporters on the sidelines of India Energy Forum.

Besides, the PSU may ask interested parties to come forward with their stranded projects and then evaluate them. The criteria for selecting the project would be based on the availability of coal linkage, environmental clearance, land and water available to the plant and it should also have a PPA (power purchase agreement) in place, according to sources. NTPC is reportedly in talks with private power companies like L&T and Shapoorji Pallonji Group for taking over their stranded plants.

The state-owned generation firm aims to add 14,000 MW capacity by 2017. Its current installed capacity is 43,143 MW. Meanwhile, the company on Friday announced signing a term loan
agreement of Rs 10,000 crore with state-run lender SBI for partially funding its capital expenditure.
PTI

PTI

Our contributor helps bringing the latest updates to you


Share it
Top