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NTPC signed an agreement with the state of Bihar and its public power company to acquire its entire stake in two joint ventures in Nabigar and Kanti, as well as to acquire the Barauri thermal power plant
.
State Power India acquires all shares in two joint ventures in Bihar
The transactions will give NTPC a 100 percent stake
in the Nabinagar and Kanti joint venture project.
It is also part of
the State Power Corporation's broader goal to acquire state-owned generator sets across the country.
Under the MOU, NTPC has not announced the price of the
acquisition.
The MoU envisages the transfer of the Barauuni thermal power station and the transfer of a 27.
26% stake in KBUNL held by BSPGCL and a 50% stake in Nabigal Power Generation Company (NPGC) to NTPC
.
Nabigal Power Generation is a 50% joint venture between NTPC and BSPGCL
KBUNL is a subsidiary
of NTPC and BSPGCL.
NTPC and BSPGCL currently hold 72.
64% and 27.
36% of KBUNL, respectively
.
Upon completion of the acquisition, the Barauri thermal power plant will become part of NTPC's portfolio and KBUNL and NPGC will become wholly owned subsidiaries
of NTPC.
，
NTPC signed an agreement with the state of Bihar and its public power company to acquire its entire stake in two joint ventures in Nabigar and Kanti, as well as to acquire the Barauri thermal power plant
.
State Power India acquires all shares in two joint ventures in Bihar
State Power India acquires all shares in two joint ventures in BiharThe transactions will give NTPC a 100 percent stake
in the Nabinagar and Kanti joint venture project.
It is also part of
the State Power Corporation's broader goal to acquire state-owned generator sets across the country.
Under the MOU, NTPC has not announced the price of the
acquisition.
The MoU envisages the transfer of the Barauuni thermal power station and the transfer of a 27.
26% stake in KBUNL held by BSPGCL and a 50% stake in Nabigal Power Generation Company (NPGC) to NTPC
.
Nabigal Power Generation is a 50% joint venture between NTPC and BSPGCL
KBUNL is a subsidiary
of NTPC and BSPGCL.
NTPC and BSPGCL currently hold 72.
64% and 27.
36% of KBUNL, respectively
.
Upon completion of the acquisition, the Barauri thermal power plant will become part of NTPC's portfolio and KBUNL and NPGC will become wholly owned subsidiaries
of NTPC.
，
