MoneyWorks4Me

NTPC to start with Katwa project

27 Sep 2012 Evaluate

State-run NTPC is likely to start with the 1,600 MW (2x 800 MW) Katwa project in the existing 556 acres acquired during Left regime. It had expressed its inability to purchase rest of the required land to the state power department.

Earlier company has forwarded a requirement of 1,030 acres for Rs 9,600-crore project. As per the requirement West Bengal Power Development Corporation (WBPDCL) acquired 556 acres during the Left regime but after that Chief Minister Mamata Banerjee’s decision to stay away from land acquisition for industrial projects prompted NTPC to buy the remaining land directly for the proposed thermal power project at Katwa in Burdwan. However, the company failed to directly purchase the land without government intervention.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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