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Home Banking & Finance

NTPC to takeover Chhabra Plant

Fiinews by Fiinews
September 21, 2017
in Banking & Finance, Industry Sectors, Investment, Power
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Rajasthan sells plant for Rs.40 billion

NTPC Ltd acquire 1,000MW Chhabra Thermal Power Plant from Rajasthan state government for about Rs.40 billion in an otherwise commercially underperforming power sector in India.

NTPC is also expected to acquire under-construction 1,320MW capacity expansion at the plant.

The Chhabra plant has fuel tie-up, power purchase agreement (PPA) and all statutory clearances, according to Indian media reports. fii-news.com

Tags: NTPC Ltd
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