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NTPC eyes 100% equity in some joint venture projects with utilities

Sources meanwhile indicated that NTPC could be in talks with Bihar utilities for two joint venture projects at Kanti and Nabinagar

Press Trust of India  |  New Delhi 

NTPC Limited

is in talks for buying out equity of in some projects apart from taking over some of their stressed businesses as part of its drive to augment capacity.

We are in talks to acquire some non-performing and under-performing assets of The capacity of some of these may not be very high but these projects have potential to expand, Saptrishi Roy, who holds additional charge of Director Finance, told

In some cases we wish to buy out our partner in specific projects with in a North Indian state. In another state we have made significant progress to acquire one performing project, Roy added.

He declined, however, to give the names of the states or projects citing confidentiality clauses.

Resources, he said, will not be an issue.

Sources meanwhile indicated that could be in talks with utilities for two projects at Kanti and Nabinagar but it could not be ascertained from the company.

This is part of the plan for inorganic growth as the corporation is eyeing the plants that are close to coal sources and running with an eye on cost of generation from these plants.

The company had recently floated tenders inviting bids for acquiring stressed power projects from the private sector and is believed to have been approached by some big ticket assets including from JP groups Nigrie thermal project.

There are 34,000 MW of stressed assets in the power sector. is looking to acquire operational coal-based power plants which have lower generation costs, Roy said.

is currently working on new thermal projects totalling 21,000 mw for capacity addition in the next the 3-4 years, he said, adding that going by the projection of 7-8 per cent economic growth on an annualised basis, the demand for is expected to grow up significantly,

The company, which produces about one fourth of the total power in the country despite having only 16 per cent capacity, would expand to meet its role as the leading to the nation, Roy said, adding that nation may require additional power capacity to the extent off 4-5 GW annually to meet the growing demand.

First Published: Sun, February 18 2018. 11:15 IST