Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
26 September, 2018 03:57 IST
NTPC signs MoU with Government of Bihar
Source: IRIS | 16 May, 2018, 11.48AM
Comments  |  Post Comment

With an aim to improve the performance of Power Sector in Bihar, a Memorandum of Understanding (MoU) was signed between the Government of Bihar (GoB) and NTPC Tuesday at Patna in the presence of the Union Minister of State (Independent Charge) for Power and New & Renewable Energy, R. K. Singh and Chief Minister of Bihar, Shri Nitish Kumar.

The MoU envisages transfer of Barauni Thermal Power Station (720 MW) to NTPC. In addition to this, Bihar State Power Generation Company's (BSPGCL) equities in Kanti Bijlee Utpadan Nigam (KBUN) & Nabinagar Power Generating Company (NPGC) will also be transferred to NTPC.

All the three power generation facilities are envisaged to be transferred to NTPC from the effective date to be notified by Government of Bihar through a Statutory Transfer Scheme. The transfer of these power stations to NTPC will result in their optimal & efficient utilization, bring the tariff down and benefit the people of Bihar at large.

Power from all the three power station shall be available to State of Bihar as before after approval by the Ministry of Power, Government of India.





NTPC Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Himachal Futuristic Communications receives order worth Rs 5.58 bn - 25-Sep-2018 13:48
Suven Life Sciences secures 2 overseas product patents - 25-Sep-2018 13:11
Tata's to acquire Usha Martin's steel biz for up to Rs 47 bn - 24-Sep-2018 10:05
Sequent Scientific to acquire Solara's EU-GMP API facility - 24-Sep-2018 09:48
Biocon announces USFDA inspection of Bangalore unit - 24-Sep-2018 09:45
Godrej Properties adds new residential project in Noida - 24-Sep-2018 09:42
ITD Cementation India wins orders worth Rs 8.45 bn - 21-Sep-2018 15:44
Emami Paper Mills to invest around Rs 20 bn in Gujarat - 21-Sep-2018 15:03
Tijaria Polypipes receives single order worth Rs 353 mn - 21-Sep-2018 13:13
Infosys to open technology and innovation hub in Arizona - 21-Sep-2018 13:08
Pennar Group bags orders worth Rs 1.81 bn - 21-Sep-2018 13:05
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer