NTPC plans to conduct due diligence for proposed takeover of stressed assets

NTPC Limited plans to conduct due diligence of the proposed takeover of stressed power plants. The company had expressed interest in taking over such units in late 2017 and consequently received proposals for stressed assets aggregating 6,480 MW. The proposals include Jindal India Thermal Power Limited’s 1,200 MW Derang TPP, Lalitpur Power Generation Company Limited’s 1,980 MW Lalitpur TPP, Jaiprakash Power Ventures Limited’s (JPVL) 1,320 MW Nigrie TPP, and the 1,980 MW Barah TPP run by a subsidiary of JPVL.