NTPC Current Affairs - 2020
National Thermal Power Corporation (NTPC) Limited has inked an agreement with Jharkhand Bijli Vitran Nigam Limited (JBVNL) to form a joint venture (JV) company for Patratu Power Plant.
The agreement will help optimise utilisation of improve performance, assets and expand capacity of Patratu Thermal Power Station located in Ramgarh district of Jharkhand.
The JV company will have 74 per cent share or stake of state-run NTPC while JBVNL will have the rest 26 per cent stake.
Implications of this JV company: It will work to improve the performance of the existing power stations in Jharkhand in order to gradually provide more power to the state.
It will also help Jharkhand to meet its ambitious target of providing adequate power to farmers and power round-the-clock to households in the state. It will thus play important role in enabling rapid industrialisation in the state in turn providing massive employment to youth of Jharkhand.
It should be noted that NTCP is India’s largest power producer and coal consumer.
Tags: Business • Current Affairs 2016 • Economy • Jharkhand • NTPC
Union Cabinet gave its approval to 5 per cent disinvestment in National Thermal Power Corporation Limited (NTPC) and 10 per cent in Indian Oil Corporation (IOC).
Decision in this regard was taken by Union Cabinet Meeting chaired by Prime Minister Narendra Modi in New Delhi.
These approvals are part of Union Government’s budgeted target to raise 41,000 crore rupees through strategic stake sales i.e. disinvestment for the current financial year 2015-16.
Disinvestment in both Central Public Sector Undertaking (CPSU) may fetch the government over 13,000 crore rupees at current market price.
The proposed share sale of 5 per cent in NTPC will fetch Union government 5,565 crore rupees while that of 10 per cent in IOC will bring in 7,932 crore rupees.
Currently, Union government holds 74.96 per cent in NTPC and 68.57 per cent in IOC.
Tags: Business • Cabinet Decisions • Current Affairs 2016 • Disinvestment • Economy