NTPC Limited and Maharashtra State Power Generation Company Limited (MAHAGENCO) have signed a shareholder agreement (SHA) to acquire the Sinnar thermal power plant.
The plant has an installed capacity of 1,350 MW, comprising five units of 270 MW each at Sinnar in Nashik, Maharashtra. The acquisition is being undertaken by a consortium of NTPC and MAHAGENCO, with each partner holding an equal equity stake of 50 per cent in the target entity. The acquisition follows the approval of the resolution plan submitted by the NTPC–MAHAGENCO consortium by the National Company Law Tribunal for Rs 38 billion.