Bihar government signs MoU with NTPC to transfer stake in three TPPs

The Bihar government has signed an MoU with NTPC for the transfer of three power projects. Under the agreement, NTPC will acquire the complete stake in two joint ventures (JVs), Nabinagar Power Generating Company Limited (NPGC) and Kanti Bijlee Utpadan Nigam Limited (KBUNL), as well as buy the 720 MW Barauni thermal power station. NPGC is a 50:50 JV of NTPC and Bihar State Power Generation Company Limited (BSPGCL), while KBUNL is a subsidiary of NTPC in JV with BSPGCL, in which NTPC has an equity holding of 72.64 per cent.