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Deal #8347 Version #83154

India

Created at

2020-09-24

Last update

2020-12-01

Last full update

2020-11-20

Land area

Intended size

607 ha

Size under contract (leased or purchased area)

[2011-01-01] 757.167 ha
[2018-01-01, current] 1201.916 ha

Comment on land area

"This Super Thermal Power Project is spread over 2970 acres, which includes 150 acre of land for the township and 63 acres of land for construction of rail corridor." 1,871 acres was acquired in 2011

Intention of investment

[current] Other

Comment on intention of investment

3x660MW Suprecritical Coal-Based Power Plant (only 660MW is operational)

Nature of the deal

Outright purchase, Lease

Comment on nature of the deal

"On 15 May 2018, Bihar Government signed a memorandum of understanding (MoU) to hand over the thermal plant to National Thermal Power Corporation for a 33- years lease." "Even land reforms commissioner Chandragupta Ashok Vardhan h .. Read more at: http://timesofindia.indiatimes.com/articleshow/7233345.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Negotiation status

[current] Concluded (Contract signed)
[2018-05-18] Concluded (Change of ownership)

Comment on negotiation status

The power plant is owned by the Nabinagar Power Generating Company[3][4]- initially a 50:50 joint venture between NTPC Limited and Bihar State Power Holding Company Limited. On 17 April 2018, Bihar state cabinet, headed by chief minister Nitish Kumar, gave its nod to handing over of Nabinagar Power Generating Company to National Thermal Power Corporation. On 15 May 2018, Bihar Government signed a memorandum of understanding (MoU) to hand over the thermal plant to National Thermal Power Corporation for a 33- years lease.

Implementation status

[2019-03-29, current] In operation (production)

Comment on implementation status