New Delhi: NTPC Ltd will supply 300 MW of power to Bangladesh for 15 years at an estimated tariff of Rs 3.42 per unit.

NTPC Vidyut Vyapar Nigam (NVVN), a subsidiary of the state-owned thermal power producer, has emerged as the lowest bidder for the tender floated by the, Bangladesh Power Development Board (BPDB).

NEW DELHI: Jaiprakash Power Ventures Ltd has offered its Nigrie power project to NTPC for acquisition while State Bank of India has proposed stake sale in three stressed plants of Bajaj Lalitpur, Jaypee Infratech and Jindal India Thermal to the state-run firm.

NTPC had invited bids from promoters, lenders and financial intermediaries offering their domestic coal-based power plants in November last year.

State-owned thermal power major NTPC recorded a fall of 4.4 per cent in its net profit to Rs 23.6 billion in the third quarter ended December 31. Total revenue rose to Rs 210 billion during Q3 compared to Rs 196.46 billion in the year-ago period.

The board of directors decided to pay interim dividend at the rate of 27.3 per cent (Rs 2.73 per share) on the face value of paid-up equity shares of Rs 10 each for 2017-18.

State-owned thermal power giant, NTPC has listed $6 billion (about Rs 40,000 crore) medium-term note (MTN), a debt instrument on IndiaInternational Exchange at IFSC, GIFT City (India INX).

With this, NTPC has become India's first quasi-sovereign company to list at India INX. Company officials said the listing will help NTPC raise funds at lower costs from international investors and also allow foreign investors to access good quality Indian debt paper.

Though the situation of coal stocks at power plants is believed to have improved with the seasonal fall in electricity demand with the advent of winter, state-run power generation behemoth NTPC has flagged fuel shortage at a number of its plants. In a letter dated January 12 addressed to the secretary of the power ministry, Gurdeep Singh, CMD, NTPC, said the supply shortage “is leading to generation loss on account of coal”. Cumulative generation loss at the power plants of NTPC and its joint ventures reached 10.6 billion units (BU), the letter, seen by FE, said.

Reliance Infrastructure (RInfra) has emerged as the lowest bidder for a project tendered by NTPC related to flue gas de-sulphurisation (FGD) works for its 1,500 MW (3 x 500 MW) power plant in Jhajjar, Haryana. According to sources, RInfra is the lowest bidder with the order value of the project being expected to be around Rs 567 crore. A spokesperson for RInfra declined to comment on the development, saying the company has lodged bids for EPC projects across various sub-segments within the infrastructure domain.

The benchmark BSE Sensex recovered by over 123 points in early trade on Thursday, halting its three- session falling streak on fresh spell of buying in recent losers amid positive Asian cues.

The 30-share index rebounded by 123.37 points, or 0.36 per cent, to 33,916.75. The gauge had lost 263.45 points in the previous three sessions.

State-run power giant NTPC revised its installed and commercial capacities downward to 51,383 MW and 50,583 MW respectively after the Central Electricity Authority (CEA) deleted its 325 MW capacity of Patratu plant. In last May, the company had informed BSE about addition of 325 MW of Patratu Thermal Power Station of Patratu Vidyut Utpadan Nigam Ltd (PVUNL) to NTPC’s Group capacity.

In a move that may bring some relief to the troubled private-power sector, state-run NTPC is looking to buy operational power assets that runs on domestic coal. The thermal power firm said that it is specifically interested in power production units which have fuel allocation to adequately run the plants at 85% plant load factor (PLF). Only those units commissioned after April, 2014 are eligible for the acquisition. The power sector in the country is hurt by weak finances of state-owned distribution utilities coupled with the tepid rise in power demand. This has created stressed assets with a capacity of 60 giga watt (GW).

A day after the Centre advanced the date of introduction of BS-VI fuel in the national capital by two years, it today directed state-owned thermal power giant NTPC to procure farm stubble for burning in its thermal units, blending close to 10 per cent in the fuel mix,to help mitigate concern on air pollution, power ministry officials said.

This comes in wake on worsening air condition across North India, attributed in large measure to burning of crop stubble by farmers in Punjab and Haryana (and western UP) at the onset of winter.

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