NTPC takes equity stake in two Bihar state power projects for Rs 21 billion

MoU with Rajasthan for Chhabra power plant stuck as elections loom

India's largest thermal power generator NTPC Limited announced equity acquisition of two state-owned power plants in Bihar for an estimated Rs 21 billion. NTPC took 50 per cent equity stake in Nabinagar Power Generating Company Pvt. Ltd. (NPGC) and 27.36 per cent Kanti Bijlee Utpadan Nigam Limited (KBUNL) from Bihar State Power Generation Company – which was operating it earlier.

Of this NPGC was a 50:50 joint venture of Bihar state government and NTPC set up in 2007. The envisaged capacity of the project is 1,980 MW and is currently under construction. NTPC is now the 100 per cent equity