Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
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Power generator NTPC is undertaking due diligence of some of the stressed power assets in the country. NTPC was not averse to acquiring them as long as they met a certain criteria, a top official of the public sector enterprise said, adding: “We are evaluating… already due diligence is being done.” C.V. Anand, Executive Director — Operations, said NTPC was directly dealing with the banks, including SBI, that had put the power plants on sale. Numbers not disclosed He, however, did not disclose either the number of assets being assessed or where they were based. If the power plants have fuel linkage, power purchase agreement and grid connectivity, “we are open. If everything is feasible and workable, NTPC will take over,” he said in an interaction on the sidelines of a CII conference here on Wednesday.
