NTPC to call bids next month to acquire hydropower plants

NEW DELHI: NTPC Ltd will call bids in a month to acquire hydropower plants of upto 1000-mw capacity, its chairman and managing director Gurdeep Singh said on Tuesday.

Singh said the company is looking at power plants of more than 50-mw capacity.

The company in November called bids from developers and lenders to acquire coal-based power plants.


Jaiprakash Power Ventures Ltd has offered its Nigrie power project to NTPC for acquisition while State Bank of India has proposed stake sale in three stressed plants of Bajaj Lalitpur, Jaypee Infratech and Jindal India Thermal to the state-run firm.