INVC NEWS
With an aim to improve the performance of Power Sector in Bihar, a Memorandum of Understanding (MoU) was signed between the Government of Bihar (GoB) and NTPC Limited yesterday at Patna in the presence of the Union Minister of State (Independent Charge) for Power and New & Renewable Energy, Shri R. K. Singh and Chief Minister of Bihar, Shri Nitish Kumar.
The MoU envisages transfer of Barauni Thermal Power Station (720 MW) to NTPC. In addition to this, Bihar State Power Generation Company’s (BSPGCL) equities in Kanti Bijlee Utpadan Nigam Limited (KBUN) & Nabinagar Power Generating Company (Pvt.) Limited (NPGC) will also be transferred to NTPC.
All the three power generation facilities are envisaged to be transferred to NTPC from the effective date to be notified by Government of Bihar through a Statutory Transfer Scheme. The transfer of these power stations to NTPC will result in their optimal & efficient utilization, bring the tariff down and benefit the people of Bihar at large.
Power from all the three power station shall be available to State of Bihar as before after approval by the Ministry of Power, Government of India.
Energy Minister of Bihar Shri Bijendra Prasad Yadav; Principal Secretary, Department of Energy, Bihar Shri Pratyaya Amrit and CMD, NTPC Limited Shri Gurdeep Singh were among the dignitaries present at the occasion.y of NTPC Limited and Bihar State Power Generation Company Limited (BSPGCL). The Company is developing a 1980 MW (3×660 MW) Nabinagar Super Thermal Power Project in district Aurangabad, Bihar. The project is currently under-construction.
Kanti Bijli Utpadan Nigam Limited (KBUNL) is a subsidiary company of NTPC Limited in Joint Venture with Bihar State Power Generation Company Limited (BSPGCL). Currently NTPC and BSPGCL owns 72.64%and 27.36% equity holding in KBUNL respectively. KBUNL owns and operates Muzaffarpur Thermal Power Station (MTPS) (2×110 MW+ 2×195 MW) situated at Kanti, District Muzaffarpur in the State of Bihar. Plant is under operation.
