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SEP 13 2017

NTPC to complete Chhabra plant acquisition in two months

  • Economic Times, ET Bureau / Hyderabad
  • Created: Wed 13th SEP 2017

 

State-run power producer NTPC Ltd is expecting to complete the acquisition of the Chhabra Thermal Power Plant from the Rajasthan government in a month or two, an official said on Tuesday.

"We are taking over Chhabra power plant and going by regulated depreciated book value subject to approval of Central Electricity Regulatory Commission. The running plant is of 1,000 MW and 1,320 MW capacity is under construction. The cost of the running plant comes to around Rs 4,000 crore," company Director (Finance) K. Biswal said here.

"The deal is expected to be over in a month or two," he said on the sidelines of the Indian Coal Markets Conference.

In January, a tripartite Memorandum of Understanding (MoU) was signed between NTPC, Rajasthan Rajya Vidyut Utpadan Nigam Ltd. (RVUN) and Rajasthan Urja Vikas Nigam Ltd. (RUVNL) for the transfer. Under the MoU, four units of 250 MW each of the Chhabra Thermal Power Plant will be transferred to NTPC in the first phase while two units of 660 MW each will be transferred after commissioning.

He also said the power producer would dismantle old thermal power plants only after commissioning new plants. Speaking on the stock of coal in the power plants, he said: " Out of 22 stations, coal stock in our 13 power stations has come down to less than three days. However, the supply is improving."

Tags

Rajasthan Finance Central Electricity Regulatory Commission Coal NTPC Ltd Memorandum Of Understanding Power Plant Electricity Regulatory Commission Power Electricity VIKAS

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