Post transaction, the Barauni plant will become part of NTPC portfolio and KBUNL and NPGC will become wholly-owned subsidiaries of NTPC. Photo: AFPNew Delhi: NTPC Ltd on Tuesday inked a pact with Bihar and its power utilities to acquire their entire stake in two joint ventures at Nabinagar and Kanti, and to buy Barauni thermal plant. The transactions would enable NTPC to have a 100% stake in Nabinagar and Kanti JV projects, which is part the company’s broad objective of acquiring state-owned generation units across the country. The Nabinagar Power Generating Company (NPGC) is a 50:50 JV of NTPC and BSPGCL. Post transaction, the Barauni plant will become part of NTPC portfolio and KBUNL and NPGC will become wholly-owned subsidiaries of NTPC, it added.

Source: Mint May 15, 2018 12:22 UTC