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NTPC’s Solapur thermal power project runs into trouble

08 Jul 2013 Evaluate

NTPC’s Rs 9,400-crore Solapur thermal power project is facing trouble from farmers and villagers, who had sold their land to the company seeking higher compensation. A state run firm is developing 1,320-MW at Fatatewadi village in Solapur district of Maharashtra, which includes two units of 660 MW each.

The company had paid the compensation depending on the fertility of the land, rates from Rs 3 lakh to Rs 6 lakh per acre to the farmers. But farmers now want Rs 8 lakh per acre as additional compensation, which the company is not willing to give.

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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