NTPC Board clears over Rs 10,000-crore investment

NEW DELHI: The board of directors of NTPC, country's largest power producer, has approved investment of over Rs 10,000 crore for executing two thermal plants.

"Investment in Tanda Super Thermal Power Project in Uttar Pradesh at an appraised current estimated cost of Rs 9,188.98 crore has been sanctioned," NTPC said in a regulatory filing.

An appraised current estimated cost of Rs 1,381.84 crore for the Rammam Hydro Electric Project in West Bengal has also been approved.

The company recently signed an agreement with Andhra Pradesh government for setting up a mega solar power unit with a capacity of 1,000 MW at Ananthapur.

NTPC aims to set up 3,000 MW of solar power projects over the next 3-3.5 years.

The company, which has installed capacity of 43,128 MW, is executing thermal power projects worth 22,000 MW and another 8,000-10,000 MW capacity is in pipeline.

Shares of the company were trading at Rs 139.45, down 0.75 per cent on the BSE.