NTPC to buy stranded power assets

NTPC has plans to evaluate a proposal to buy stranded power assets worth $5 bn or Rs 31,000 crore. This move is in contrast with its earlier strategy of taking the greenfield route to add capacity. The country´s largest power developer has received responses from 34 private sector power plants across the country and has shortlisted eight of them so far for acquisitions. The company has mandated KPMG to look at their fuel supply linkages, power purchase agreements, land acquisition, environment clearances and list eight plants in terms of profitability. Reports state that the organisation is willing to invest up to Rs 10,000 crore for 30 per cent equity in these projects. The rest will be funded by debt. Contact: NTPC. Tel: 011-2436 0100. Fax: 011-2436 1018. E-mail: info@ntpc.co.in Website: www.ntpc.co.in