(PTI)
State-run power giant NTPC is likely to finalise the acquisition of entire stake of Bihar State Power Holding Company Ltd (BSPHC) in its two JV plants at Nabinagar and Kanti for around Rs 3,000 crore in a month.
“The negotiation is in advanced stages. NTPC will acquire entire stake of BSPHC, erstwhile Bihar State Electricity Board (BSEB), in Kanti and Nabinagar plants for around Rs 3,000 crore in a month,” a source said.
The Bihar political leadership has spoken many times about their intention to sell the BSPHC stake in the Nabinagar and Kanti power plants to NTPC. Kanti Bijlee Utpadan Nigam, (formerly known as Vaishali Power Generating Company Ltd) was incorporated on September 6, 2006, with NTPC contributing 51 per cent of equity.
