New Delhi, 23 February: NTPC will set up a 1,320-MW power project in Bihar entailing an investment of Rs 9,200 crore.
In this regard, NTPC signed a memorandum of understanding yesterday with Bihar State Power Generation Company Ltd (BSPGCL) and Lakhisarai Bijlee Company Private Ltd (LBCPL).
The country’s largest power producer would develop a 1,320-MW Kajra thermal project in Lakhisarai district of Bihar. The plant would have two units of 660 MW each.
The project, estimated to be set up at a cost of Rs 9,200 crore, is proposed to be implemented through a joint venture, NTPC said in a statement today. In the JV, NTPC would have 74 per cent stake and the rest would be with BSPGCL. pti