NTPC gives green signal to Rs 12,953 cr investment

Ranchi, February 26, 2013: NTPC on Tuesday said that the company's Board has given investment approvals to expansion projects involving Rs 12,953.12 crore.

"Board of Directors of the company have accorded investment approval for the Chatti-Bariatu coal mining project having production capacity of 7 MTPA (million tonnes per annum) in Jharkhand at an appraised current estimated cost of Rs 1,314.57 crore," NTPC said in a regulatory filing to the stock exchanges.

The Board also approved the appraised current estimated cost of Rs 11,638.55 crore for the Gadarwara Super Thermal Power Project, Stage-I (2x800 MW) to be implemented in Madhya Pradesh.

The project is subject to environmental clearance of Ministry of Environment and Forests.

Meanwhile, the company today also signed a Memorandum of Understanding (MoU) with Chhattisgarh Renewable Energy Development Agency (CREDA) to explore the potential of geothermal resources and subsequently implement geothermal project at Tattapani in Chhattisgarh.

Geothermal generation is the process of harnessing of the geothermal energy or the vast reservoir of heat energy stored in the earth's interior for generating power.

Shares of the company closed at Rs 151, up 0.73 per cent on the BSE.