Government to offer railways 26 per cent stake in DVC´s plant

The government plans to offer a 26 per cent stake in generation to-irrigation utility Damodar Valley Corporation´s coal-fired power plant at Raghunathpur in West Bengal, which is expected to be acquired by Central generation utility NTPC, to the Railways. NTPC´s takeover of the project will benefit all stakeholders, including the two states West Bengal and Jharkhand. DVC has not been able to complete the project because of lack of funds. It has a debt of Rs 30,000 crore and Rs 8,000 crore arrears - much of it is from Jharkhand. Contact: Government of India. Website: www.india.gov.in