NTPC signs MoU with Bihar Government to improve performance of power sector in Bihar

The NTPC Limited has signed Memorandum of Understanding (MoU) with Bihar Government to improve performance of power sector in the state. The MoU envisages transfer of three power generation facilities in Bihar to NTPC. It has been undertake as part of NTPC’s strong capability in turning around under-performing state owned power stations.

Key Facts

These three power generation facilities are Barauni Thermal Power Station, Kanti Bijlee Utpadan Nigam Limited (KBUN) and Nabinagar Power Generating Company (Pvt.) Limited (NPGC). All three power generation facilities are envisaged to be transferred to NTPC through Statutory Transfer Scheme. The transfer of these power stations to NTPC will result in their optimal and efficient utilization, bring power tariff down and benefit people of state.

Background

NTPC is the largest power generating company of India with total installed capacity of 53651 MW (including JVs) from coal, gas, hydro, solar and wind power projects. It is one of the seven maharatna company in India functioning under the Ministry of Power.

Month: Current Affairs - May, 2018