News On Projects
Products & Services
Projects Database
Tenders Database
E - Newsletter
EPXonline.com
Project Financing
Contracts & Awards
Energy
Electricity
Mining
Oil & Gas
Infrastructure
Airport
Port
Railway
Road
Freezone
Construction
Manufacturing
Cement
Engineering
Automobile
Plastic
Metal
Textile
Paper & Packaging
Leather
Sugar
Edible Oil
Electrical & Electro
Processing
Chemical
Drugs & Pharma
Fertiliser
I-C-T
Communication
IT
Telecom
Water
Pump Station
Water Treatment
Water Supply
Hospitality
Hotel
Restaurant
Resort
Entertainment
Sports
Multiplex
Theme Park
Food & Beverages
Hospital
Service
Social
Science
Irrigation
Government
Policy
Economic Indicators
Company News
Commerce
Miscellaneous
News Uploaded On : Wednesday, September 13, 2017 11:47:00 AM IND Back  |  Latest Projects  |  Latest Tenders
 
 E-mail this to a friend        Printable version       Story Viewed 533 Times
Will finish acquisition of Chhabra power plant in a month or two: NTPC.
Power generation major NTPC Ltd. will complete the takeover of the first phase of Chhabra Thermal Power Plant (1,000 MW) of Rajasthan government in 'a month or two' at an estimated cost of Rs. 4,000 crore, a top company official said recently.

"We are taking over Chhabra power plant from Rajasthan government and the deal for the 1,000 MW will be sealed in a month or two," NTPC director, finance, Kulamani Biswal said here on the sidelines of an mjunction-organised coal conference.

He said the company is going by regulated depreciated book value and based on this calculation, the plant valuation has been arrived at Rs. 4,000 crore.

However, it is subject to approval of the regulator -- Central Electricity Regulatory Commission (CERC).

CERC has approved the project at Rs 5,200 crore and in the last four years, factoring in depreciation, the final value stands at Rs 4,000 crore, Biswal explained.

He said that in this case, debt could be higher at 75 per cent compared to a standard formula of 70:30 debt equity ratio.

An agreement by NTPC, Rajya Vidyut Utpadan Nigam, and Rajasthan Urja Vikas Nigam (RUVNL) was signed in January 2017.

Under the agreement, NTPC will take over the running 1,000 MW (2x250 MW) plant in the first phase and the under-contraction plant of (660 MWX2) will be taken over once the project gets commissioned.

The deal will help improve efficiency in power generation from the Chhabra power plants and result in lower tariff for consumers.

NTPC will reportedly phase out of 11,000 MW of old and polluting power units besides exploring acquisitions of other states' loss-making power generation businesses to turn them around.

The company will replace its old plants in Talcher and Singrauli.

NTPC's 13 power plants out of 22-odd are facing critical coal stock.

"The average coal of all plants is seven days but in 13 plants the stock is three days or less," Biswal said.

BS

Post your comments:

Your name: *
E-Mail Id:
E-mail ID will not be published
Comment: *
Maximum 500 Characters
    
Related Stories
JSW Infra ready to invest ₹7,000 cr to expand cargo handling capacity.
Embassy to develop tech centre in Kerala with Taurus.
Yamaha to invest Rs 200 cr to ramp up production at Chennai plant.
Peugeot may invest Rs. 7,000 crore in Tamil Nadu plant.
At Kalinganagar, Tata Steel to copy Jamshedpur model.
BHEL eyes rail track electrification orders.
Alstom Madhepura Electric Locomotive plan on track.
Eisai India's expansion project to be ready by Oct-end.
Mytrah Energy raises Rs. 1,800 crore from Piramal firms.
IFC to invest Rs. 320 cr in Mahindra Lifespace industrial parks.
RELATED PROJECTS & TENDERS

Projects

... More projects

Tenders

Click here to view Tenders Database
ADVERTISEMENT
MOST POPULAR STORIES NOW
For all enquiries please contact
Tel: 022 - 25961254, 25960909
Mobile: 9821464666/09751178830
Mail: marketing@newsonprojects.com

OUR OTHER PRODUCTS & SERVICES:    Projects Database   |   Project e-Newsletter   |   Tenders Database   |   Commissioned Power Plants   |   Company Index
About Us   |   Contact Us   |   Terms of Use   |   Advertise with Us   |   Privacy Policy   |   Disclaimer   |   Feedback