New Delhi : The country’s largest power generating company NTPC has entered into a joint venture (JV) agreement with Indian Railways to set up a 1,000 MW power plant in Nabinagar in Bihar at a cost of Rs 1,605 crore.A joint venture company - Bharatiya Rail Bijlee Company - would be set up for the purpose with NTPC having 74% stake and the Railways having 26% stake. The plant is expected to commence operations after 30 months from receipt of approval of investment by both parties, which is likely to come by December-end.
As per the Cabinet approval, 90% of the power from Nabinagar plant will be supplied to Railways and 10% to others and this will primarily be a captive power plant for the Railways. BS061107
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