India’s largest power generation company, NTPC
Ltd has taken over the 2000 mw Chhabra Thermal Power Plant
Stage-I (4x 250 MW) and 1320 mw Stage-II (2×660 MW) of Rajasthan Rajya Vidyut Utpadan Nigam Limited by NTPC Ltd.
The 2000 mw Chabra Stage-I is already operational.
The takeover move assumes significance as with the takeover of Rajasthan’s Chabra I and II thermal power projects by @ntpclimited to take the latter’s capacity to over 50,000 mw. The commissioning of 800 MW unit at Kudgi in Karnataka last month has already taken NTPC’s total installed capacity to 48,028 MW.
The power major signed a Memorandum of Understanding ( MoU) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUN) and Rajasthan Urja Vikas Nigam Limited (RUVNL) in the presence of Vasundhara Raje, Chief Minister of Rajasthan in Jaipur on 11th January, 2017.
The organizations shall execute Binding Agreements based on the detailed due diligence being underway. A. K. Gupta, Executive Director (Commercial) NTPC, N.K. Kothari CMD, RVUN and MD, Bannalal from RUVNL signed the MoU on behalf of their respective organizations.
AES India, Adani Power
, Tata Power
-ICICI were in race for acquiring the Rajasthan power project, newspaper Mint
had reported earlier.
A statement from the Rajasthan government said that eventually two more units of 660 MW each will be transferred to NTPC after their completion.
“After transfer of Chhabra thermal power plant to NTPC, the state government will receive equity as per latest valuation, and the losses being incurred from Chhabra will stop after transfer of the plant and debt liabilities of the state government shall also be reduced,” said the statement.
Pushpendra Singh, Energy Minister of Rajasthan, Sanjay Malhotra, Principal Secretary Energy, Shreemat Pandey, Chairman DISCOMS, A. K. Verma, Joint Secretary Power Ministry (GoI), Gurdeep Singh, CMD, NTPC, R. G. Gupta, Advisor Energy Deptt. were present on this occasion.