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Construction : Deals | March 2014 | Source : Construction Update

NTPC Ltd agrees to take over LBCPL

NTPC Ltd has recently informed BSE that a Memorandum of Understanding has been signed amongst Bihar State Power Generation Company Ltd (BSPGCL), NTPC Ltd and Lakhisarai Bijlee Company Pvt Ltd (LBCPL), a wholly-owned subsidiary of BSPGCL, on February 22, 2014 to take over LBCPL by NTPC after contributing 74 per cent of share of investment divested by BSPGCL for setting up Lakhisarai Thermal Power Project (2x660 MW) near village Kajra, District Lakhisarai, Bihar under joint venture route. The estimated cost of this project is Rs. 6810.10 crore. The commissioning is targeted in 2015-16.
 
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