The country’s largest state-owned thermal power producer, NTPC is ready to invest INR 50 billion by acquiring coal based thermal power projects.
NTPC has invited State Electricity Boards, Power Generation Companies, Independent Power Producers, Power Plant Developers, Captive Power Producers or their Authorised Financial Intermediaries for offering their operational/synchronised/under construction/under planning coal based Thermal Power Projects (based on domestic, imported as well as both of domestic & imported coal) in India to offer their projects.
Earlier, the company has issued similar EoI dated 21 Feb, 2014 and received an immense response from the private companies. About 34 projects had been proposed to NTPC for takeover, with a generative capacity of about 55,000 MW.
Out of 34 projects proposed to NTPC, the company had shorlisted 4-5 projects considering worth looking. Depending upon the various prospective such as requisite land, coal availability, firm fuel and water linkages, statutory clearances and Power Purchase Agreement (PPA), it was found that NTPC finalized the EoI with KPMG, a private consultancy.
“We are planning to add few of the good projects as we are not only willing to consider the private sector. We are ready to acquire the projects with all essential clearances, coal availability, long-term fuel linkages etc,” a senior executive of NTPC said.
Current acquisition denotes that the company has kept around INR 50-70 billion aside to invest into another good projects as it is looking for investing with 70:30 debt-equity ratio, which can came to around 3,000-4,000 MW capacity.
The EoI shall be submitted till 1 Jan, 2015.
Leave a Reply