Nabinagar Power Generating Company (Pvt) Limited is a 50:50 joint venture company of NTPC and BSPGCL
GN Bureau | May 25, 2018
A memorandum of understanding (MoU) was entered amongst Bihar government, Bihar State Power Holding Company Ltd. (BSPHCL), Bihar State Power Generation Co. Ltd (BSPGCL), North Bihar Power Distribution Company Ltd.(NBPDCL), South Bihar Power Distribution Company Ltd.(SBPDCL), Bihar State Power Transmission Company Limited (BSPTCL) and NTPC Limited on May 15, 2018 for improving power sector performance in Bihar.
The agreement envisages transfer of Barauni Thermal Power Station and Bihar State Power Generation Company’s (BSPGCL) equity in Kanti Bijlee Utpadan Nigam Limited (KBUN) and Nabinagar Power Generating Company (Pvt.) Limited (NPGC) to NTPC.
NTPC with its expertise in construction of power projects and contract management capabilities is expected to complete the balance works and achieve sustained commercial operation of units in a time bound manner.
Nabinagar Power Generating Company (Pvt) Limited is a 50:50 joint venture company of NTPC and BSPGCL.
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