Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
21 September, 2018 00:16 IST
NTPC signs MoU with Government of Bihar
Source: IRIS | 16 May, 2018, 11.48AM
Comments  |  Post Comment

With an aim to improve the performance of Power Sector in Bihar, a Memorandum of Understanding (MoU) was signed between the Government of Bihar (GoB) and NTPC Tuesday at Patna in the presence of the Union Minister of State (Independent Charge) for Power and New & Renewable Energy, R. K. Singh and Chief Minister of Bihar, Shri Nitish Kumar.

The MoU envisages transfer of Barauni Thermal Power Station (720 MW) to NTPC. In addition to this, Bihar State Power Generation Company's (BSPGCL) equities in Kanti Bijlee Utpadan Nigam (KBUN) & Nabinagar Power Generating Company (NPGC) will also be transferred to NTPC.

All the three power generation facilities are envisaged to be transferred to NTPC from the effective date to be notified by Government of Bihar through a Statutory Transfer Scheme. The transfer of these power stations to NTPC will result in their optimal & efficient utilization, bring the tariff down and benefit the people of Bihar at large.

Power from all the three power station shall be available to State of Bihar as before after approval by the Ministry of Power, Government of India.





NTPC Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Strides Pharma Science gets ACCC approval for merger of Arrow and Apotex Australia - 20-Sep-2018 10:15
Bajaj Finserv ties up with Wochit - 20-Sep-2018 10:09
Sensex ends 170 points lower; Nifty settles at 11,234 - 19-Sep-2018 16:07
Glenmark Pharma inducted into DJSI Emerging Market 2018 - 19-Sep-2018 12:09
Rites secures additional contract worth Rs 4.36 bn from Indian Railways - 19-Sep-2018 12:00
TVS Motor Co strengthens presence in Mexico - 19-Sep-2018 11:56
Himachal Futuristic Communications bags order worth Rs 6.11 bn - 19-Sep-2018 11:52
Tata Steel completes acquisition of Creative Port Development - 19-Sep-2018 11:48
SABIC acquires 24.99% stake in Clariant globally - 19-Sep-2018 11:45
Tata Power launches its VoiceBOT TINA - 19-Sep-2018 11:42
Sensex gains 77 points; Nifty above 11,300-level - 19-Sep-2018 10:32
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer