NTPC to acquire three power projects in Bihar
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NTPC has inked a pact with Bihar and its power utilities to acquire their entire stake in two JVs at Nabinagar and Kanti, and to buy Barauni thermal plant.
POWER & RENEWABLE ENERGY

NTPC to acquire three power projects in Bihar

01 Jun 2018 1 Min Read Editorial Team
NTPC has inked a pact with Bihar and its power utilities to acquire their entire stake in two JVs at Nabinagar and Kanti, and to buy Barauni thermal plant. The transactions will enable NTPC to have 100 per cent stake in Nabinagar and Kanti JV projects. Post transaction, the Barauni plant will become part of NTPC portfolio, and KBUNL and NPGC will become wholly-owned subsidiaries of NTPC.

NTPC has inked a pact with Bihar and its power utilities to acquire their entire stake in two JVs at Nabinagar and Kanti, and to buy Barauni thermal plant. The transactions will enable NTPC to have 100 per cent stake in Nabinagar and Kanti JV projects. Post transaction, the Barauni plant will become part of NTPC portfolio, and KBUNL and NPGC will become wholly-owned subsidiaries of NTPC.

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