16 May 2018

NTPC Inks Pact to Acquire 3 Projects in Bihar

NTPC Inks Pact to Acquire 3 Projects in Bihar


NTPC 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 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 company has not disclosed consideration for these acquisitions under the MoU.

Source- The Economic Times


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