NPTC looks to buy out stranded private power projects


NTPC is in talks with private companies to buy out or acquire some stranded power projects, which have failed to take off due to reasons such as non-availability of fuel and the like.

NTPC Chairman and Managing Director Arup Roy Choudhury said the company had a couple of proposals before it. “I won’t specify any organisation, we have a couple of proposals, and a board sub-committee is looking at it, and will soon finalise those proposals,’’ he told reporters on the sidelines of an event here.

Mr. Choudhury said NTPC would also come out with advertisements asking companies to come forward with their stranded projects, evaluate them and take a call. “We don’t start a project unless we have coal linkage, environmental clearance, availability of land as well as water and power purchase agreement (PPA). When all these are tied-up, we start the project,’’’ he said. Read More

Source: http://www.thehindu.com

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Categorised in: Power, Sector News

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