Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

NTPC to complete Chhabra plant acquisition in two months

Author: IANS/Tuesday, September 12, 2017/Categories: Energy

NTPC to complete Chhabra plant acquisition in two months

Kolkata, Sep 12 - 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.

"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.

"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."

Print Rate this article:
No rating

Number of views (267)/Comments (0)

rajyashree guha

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free