Of the 34 proposals received by country's largest power utility NTPC for takeover, the company said it has found only about five offers worth considering.
‘We have been offered 34 projects of 55,000 MW capacity by the private companies for takeover, only 4-5 projects are worth looking at,’ an NTPC official said.
The company will evaluate the quality of equipment of these projects, the level of clearances they have achieved, coal availability and sourcing the fuel in case of non- availability before buying these thermal power stations.
‘We will see which projects are financially, aggressively good for us mainly in terms of financial returns, how much has to be invested, their PPAs (Power Purchase Agreements) and everything before deciding to take over,’ the official said.
The private power companies are planning to sell their assets to NTPC mainly to cut debt.