NTPC Signed MoU with Bihar Government to Boost Power Sector's Performance in Bihar

NTPC Signed MoU with Bihar Government to Boost Power Sector's Performance in Bihar - Details, Aim, Benefits, About

The National Thermal Power Corporation Limited (NTPC) has signed Memorandum of Understanding (MoU) with Bihar Government to boost & improve the performance of power sector in Bihar state.

The MoU envisioned in transferring of three power generation facilities in Bihar to NTPC. It has been undertaken as a part of NTPC’s strong capability in turning around under-performing state-owned power stations.

Under the MoU, 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 devised 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 Bihar state.

About NTPC

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.

NTPC is one of the seven maharatna company in India functioning under the Ministry of Power.