NTPC lines up Rs7,245 crore investment in power projects
27 November 2007
Mumbai: The board of directors of National Thermal Power Corporation (NTPC) has approved investment proposals worth Rs7244.9 crore, including the Rs5459-crore Mauda thermal power project in Maharashtra, renovation and modernisation of the Kawas plant in Gujarat and picking up major stake in a joint venture with the Indian Railways.
NTPC will set up a greenfield 2x500 MW coal-based power plant in Mauda, Amravati district, Maharashtra, involving an investment of Rs5,459.3 crore, the company said in a filing with the Bombay Stock Exchange (BSE).
NTPC will also carry out renovation and modernisation of the 645 MW gas-based plant at Kawas at a cost of Rs597.4 crore.
The board also approved the plan to pick up 74 per cent stake in a joint venture company with the Indian Railways - Bhartiya Rail Bijlee Company (BRBCL) - by investing Rs1,188.2 crore. BRBCL will set up 4x 250 MW thermal power generation facility at Nabhinagar in Bihar.