NTPC May Look To Buy Stressed Power Assets

NTPC May Look To Buy Stressed Power Assets

Debt-laden power companies may finally get some breather. The country’s largest power producer NTPC Ltd. may look at acquiring some of the stressed assets in the sector, according to the company’s Director of Finance Kulamani Biswal.

The plan is roughly open-ended for now. NTPC will identify ‘good-quality’ assets of interest with an expected capacity of 500 megawatts or more, Biswal told BloombergQuint in an interview. While the company has not zeroed in on the quantum of funds for such acquisitions, he is confident of NTPC’s capacity to execute the plan, Biswal added. Read More…

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