NTPC will take over Chhabra thermal power plant (1,000 MW) and Rajya Vidyut Utpadan Nigam (1,320 MW) in Rajasthan from Rajasthan Rajya Vidyut Utpadan Nigam (RVUN) and Rajasthan Urja Vikas Nigam (RUVNL) respectively.
The three entities have signed a memorandum of understanding for the takeover to this effect.
Earlier, it was reported that NTPC is in discussions with Rajasthan Rajya Vidyut Utpadan Nigam to take over its entire generation capacities through joint ventures. The Rajasthan utility runs plants with a total capacity of about 5,000 MW. It is also in the process of setting up 900-MW power capacities, but the projects have been delayed by several years. The organisations shall execute Binding Agreements based on the detailed due diligence being underway.
Leave a Reply
You must be logged in to post a comment.