NTPC Limited acquired Barauni Thermal Power Station (720 MW) in District Begusarai, Bihar. The company acquired the power station from Bihar State Power Generation Company Limited (BSPGCL) effective from December 15, 2018.
The 720 MW coal-based power station has 2 units of 110 MW each (under R&M) and 2 units of 250 MW each, which are still under construction. The units of the power station would gradually get operational. The project has linked Badam Coal Block, which is also part of the transfer scheme.
Transfer of Barauni Thermal Power Station has been completed by NTPC and BSPGCL in accordance with the ‘The Bihar Power Generation Undertakings Transfer Scheme 2018’ notified by Government of Bihar on June 27, 2018 and amendment dated December 14, 2018.
NTPC also informed that 100 per cent of the capacity of the project is tied up through Power Purchase Agreements (PPAs) with Bihar power distribution companies.
Earlier, the company had participated for 85 MW solar capacities and won the entire capacity bid at a levelized tariff of Rs. 3.02/unit, applicable for 25 years. This 85 MW solar projects shall be set up by NTPC, which would add to its installed capacity.
The stock of NTPC closed at Rs. 143.65 per share on Friday. On Monday, it surged by 5.08 per cent to make intra-day high of Rs. 150.95 per share.