NTPC will take over 3,000-odd acres of vacant land from Patratu Thermal Power Station (PTPS) in Jharkhand to set up 1320 mw of thermal power generation capacity at an investment of Rs. 6,600 crore.
A memorandum of understading between NTPC and Jharkhand State Electricity Board (JSEB), the holding company for PTPS, will be signed by December 31. Earlier, NTPC wanted to take over the entire power station along with the land and existing thermal generation units from JSEB. The initial plan included floating a JV in which NTPC would hold 75% while JSEB the rest 25%. This proposed JV would have taken over PTPS, scrapped the existing plants there, and built new units.
This plan has now been replaced with a new one, where the vacant land at PTPS will be transferred to NTPC on which the new generation units will be built through a JV. NTPC will take a 74% stake in the proposed company while JSEB will hold 26% in lieu of land at PTPS, which will be transferred to the venture.
At present, PTPS has 10 units with a total capacity of 840mw. Units 1 to 6, set up by Czech firm Skoda in collaboration with erstwhile USSR, are more than 36 years old. The remaining four units were built by Bhel 20 years ago. The station generates between 40mw and 120mw and Plant load factor is less than 10%.crackcrack
| Company Name | CMP |
|---|---|
| NTPC | 333.30 |
| Tata Power | 401.25 |
| Power Grid Corp | 315.75 |
| Adani Power | 498.45 |
| Torrent Power | 1476.80 |
| View more.. | |
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