NTPC Ltd.

The country’s largest electricity producer NTPC plans to set up cement plants on its own after it failed to attract any partner for the new business that will help it utilize and monetize huge amounts of polluting ash generated by its coal-fired projects.

It is finalizing a proposal that will allow it to source technology for cement manufacturing. The company’ subsidiary, NTPC Vidyut Vyapar Nigam (NVVNL), is finding it difficult to find joint-venture partners for the cement foray. It had invited expression of interest (EoI) for cement manufacturers in March this year to form a 26:74 joint venture to set up cement plants at its six coal-fired projects.crackcrack