NTPC not to acquire stressed power projects, says minister
DSIJ Intelligence / 28 Jul 2017
National Thermal Power Corporation (NTPC) has no proposal to acquire stressed power projects or enable their lenders to operate on contract basis as of now, announced Power Minister Piyush Goyal.
National Thermal Power Corporation (NTPC) has no proposal to acquire stressed power projects or enable their lenders to operate on contract basis as of now, announced Power Minister Piyush Goyal.
He also informed that the government has reviewed the status of 34 stressed thermal power projects, as per the list provided by Department of Financial Services (DFS), with an estimated debt of about Rs. 1.77 lakh crore.
As per DFS data, the total advances towards electricity generation sector reported by scheduled commercial banks (SCBs) is about Rs. 4.71 lakh crore and most of them are stranded assets.
Neyveli Lignite Corporation of India Limited (NLCIL) has identified Ragunathpur Thermal Power Station-Phase-I (2x660 MW) a stressed asset of Damodar Valley Corporation (DVC) for acquisition. NLC has also shortlisted two suitable stressed power assets for possible acquisition to augment its power generation capacity, he added.
Meanwhile, NTPC was trading at Rs 162.75, down by 2.20 or 1.33% as at 1441 hours on Friday, on the BSE.
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