Team News Riveting
New Delhi, November 5
State-owned power giant NTPC Limited on Tuesday said its board had approved an investment of Rs 29,947.91 crore for stage-II of the Nabinagar Super Thermal Power Project in Bihar.
The decision was taken at the meeting of the board of directors of the company, NTPC said in a regulatory filing.
“We wish to inform that the Board of Directors of the Company, in its meeting held on 5th November 2024, has accorded investment approval for Nabinagar Super Thermal Power Project, Stage-II (3×800 MW) at an appraised current estimated cost of Rs 29,947.91 crore,” the company said.
NTPC’s wholly owned subsidiary– Nabinagar Power Generating commenced the commercial operation of Unit I of 660 MW of Nabinagar Super Thermal Power Project (3×660 MW) in July, 2019.
Nabinagar Power Generating Company, NTPC said, is a 50:50 joint venture between NTPC and Bihar State Power Holding Company Limited.
Present installed capacity of NTPC Group is 76475.68 MW , comprising of 51 NTPC owned stations (27 coal based, 7 gas based, 1 hydro, 1 small hydro, and 15 solar PV) and 42 Joint Venture/Subsidiary stations (9 coal based, 4 gas based, 8 hydro, 1 small hydro, 16 solar PV and 4 wind). By 2032, non fossil fuel based generation capacity shall make up nearly 50% of NTPC’s portfolio.
NTPC has been operating its plants at high efficiency levels. As on 31.03.2023 the company has 17% of the total national capacity and, it contributes 25% of total power generation of India due to its focus on high efficiency.
