NTPC plans to acquire 1,000 MW hydropower projects

“We will call for bids to acquire 1,000 MW of hydropower projects within a month,” says the company CMD, Gurdeep Singh.

New Delhi, Feb 20

Public sector undertaking NTPC Ltd will be looking to acquire hydropower projects in a bid to continue diversifying its energy generation portfolio.

Speaking to reporters on the sidelines of the International R & D Conclave being organised by the Central Electricity Authority, the company CMD, Gurdeep Singh said, “We will call for bids to acquire 1,000 MW of hydropower projects within a month.”

This will be similar to the call for acquiring thermal power projects that NTPC had issued recently. The company is open to prospective sellers approaching them and they want the sellers to come forward.

Published on February 20, 2018
TOPICS

Related

Previous Story Suven gets product patents from India, South Korea

Next Story IndiGrid completes acquisition of 3 transmission assets from Sterlite Power

MORE FROM BUSINESSLINE


 Getting recommendations just for you...
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.