Government to divest 5% shares in NTPC
Mumbai, Jan. 27: The government is divesting five per cent of its equity or 41.2 crore equity shares in NTPC through the alternative book building process.
The issue is expected to garner close to Rs 10,000 crore that will go to the government which owns approximately 89.5 per cent of NTPC’s equity share capital. The further public offer will open on February 3 and close on February 5.The power secretary, Mr Harishankar Brahma, in a press conference on Wedne-sday said that 18,000 MW of power plants are under construction and will come on stream in the 11th Plan.
He also said that to meet the power shortage in Western India, excluding Gujarat, NTPC is putting up another 2000 MW plant alongside the earlier 2000 MW Ratnagiri Gas and Power Private Ltd (earlier Dhabol) Ratnagiri (Maha-rashtra) as there is 1700 acre of land available there. A decision on this will be taken before April 2010.
He said an equal power generating capacity will come up on the East coast. Mr Brahma said that they are scouting aggressively for gas and have taken up the issue with the ministry for petroleum and natural gas.
Earlier, Mr R.S. Sharma, chairman of NTPC said the company plans to go from the 30,000 MW capacity presently to 75,000 MW. 10,000 MW is under bidding presently, of which tenders for 900 MW will be bid globally. In addition they have concluded the feasibility report for 4,245 MW and they will soon be put for bidding.
Age Correspondent
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