Power News We love to talk!
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."
- Stop using the consumer as a fig leaf Read more
- ONGC Videsh Ltd seeks autonomy to invest $1 billion to speed up acquisition of overseas fields Read more
- NTPC to go ahead with Lanka, Bangladesh projects Read more
- NTPC to build Indias biggest power plant in joint venture with Jharkhand state utility Read more
- Adani Groups renewable energy arm may raise $200 million Read more
- Petroleum products should be under ambit of GST: Dharmendra Pradhan Read more
- ReNew leads the pack, bags 36 Megawatt rooftop solar power projects Read more
- Tata Power can now trade carbon credits earned from Gujarat plant Read more
- Raising cap on LPG cylinders under study:Moily Read more
- Nuclear Fuel Complex appoints new chief executive Read more