The Hindu : Business : NTPC to set up 1,980 MW project in Bihar

Online edition of India's National Newspaper
Wednesday, Oct 17, 2007
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NTPC to set up 1,980 MW project in Bihar

Special Correspondent

Forms joint venture with Bihar State Electricity Board

NEW DELHI: The National Thermal Power Corpoporation (NTPC) has announced the setting up of a 1,980 MW (3 x 660 MW) coal based power project at Nabinagar in Aurangabad district in Bihar.

The company has signed an agreement with the Bihar Government and the Bihar State Electricity Board (BSEB) to promote a joint venture company. A memorandum of understanding was signed on Monday in the presence of Bihar Chief Minister Nitish Kumar, NTPC Chairman and Managing Director T. Sankaralingam, and Chairman, BSEB, Swapan Mukherjee.

The joint venture will help in establishing and operating the 3 x 660 MW coal-based thermal power project. It should have equal participation between NTPC and BSEB with power allocation to BSEB up to 75 per cent and the balance should remain with the company for supply to other States, according to an official release by NTPC here.

NTPC and BSEB have also agreed in-principle to expand the capacity of their joint venture Vaishali Power Generating Company by setting up two units of 250 MW each. This would be in addition to the existing 220 MW capacity under renovation at Muzzaffarpur in Bihar.

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