NTPC board approves Lara Thermal Power Project

NTPC will invest nearly Rs 12,000 crore for setting up 1,600 MW first stage of the Lara thermal project in Chhattisgarh. The board of directors of NTPC has approved an investment of Rs 11,846 crore for the first stage (1,600 MW).

The project, which would have a total capacity of 4,000 MW, is expected to see an overall investment of about Rs 30,000 crore.

Electricity generated from the Lara project, to be funded in the debt to equity ratio of 70:30, would be supplied to the states of Chhattisgarh, Maharashtra and Goa.

Source: ET