RANCHI: The National Thermal Power Corporation Limited (NTPC) on Monday informed of joining hands with the government of the eastern state of Jharkhand to build the 4,000 MW, largest thermal power plant of India.
The power producer would set up a combined project with Jharkhand Bidyut Vitaran Nigam Ltd for the projects and also for reviving the Patratu Thermal Power Station (PTPS) in Jharkhand. The NTPC would have 74 percent stake in the JV while the Jharkhand government will enjoy 26 percent stake.
“(It will help) Build an efficient super critical project of 4,000 MW in two phases, provide cheap and affordable 24X7 power supply to every household and adequate power for farmers in Jharkhand,” the company said in a statement.
The initiative will also escalate the earning opportunities to several service providers to this ‘important project of the size of a UMPP’, it added.
The facility will be constructed in two phases where the initial phase, capable of generating of 4,000 megawatts was announced on Sunday while the next phase, to generate 2,400 megawatts will be declared later on.
The MoU (Memorandum of Understanding) was signed in the presence of Power Minister Piyush Goyal and Jharkhand Chief Minister Raghubar Das in Ranchi.
Speaking on the alliance, CM Raghubar Das said, “Jharkhand will turn out to be self sufficient in power sector in the coming five years. The ‘Make in India’ programme would not be successful without Jharkhand. Jharkhand will emerge as prosperous state in next 10 years.”