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POWER PURCHASE AGREEMENT WITH GRIDCO

27th Dec, 2010

NTPC have signed Power Purchase Agreements (PPA) today with GRIDCO Limited of Orissa for sale of power from its proposed projects at Darlipali and Talcher Thermal Expansion in Orissa, Katwa in West Bengal and Pirpainti and Muzaffarpur Stage II in Bihar to be commissioned during the 12th plan period. PPA for Farakka Stage III in West Bengal has also been signed. The project is to be commissioned in the current fiscal.

POWER PURCHASE AGREEMENT WITH GRIDCO

The agreement was signed by Shri V K Padha, General Manager (Commercial) and Shri D Bhattacharya,CEO, KBUNL on behalf of NTPC and  Shri  A C Mallick, Director, Commercial on behalf of GRIDCO in presence of Shri  Atanu Sabyasachi Nayak, Hon'ble Energy Minister, Orissa,  Shri P K Jena, Commissioner-cum-Secretary of Deptt. of Energy, Government of Orissa, Shri H. Sharma, Managing Director , GRIDCO and  Shri Inderjit Kapoor, Director(Commercial) and Shri  K K Sharma, Regional Executive Director(East II) of NTPC.

Darlipali (3200 MW), Talcher Thermal Expansion (1320 MW), Katwa (1600 MW), Pirpainti (1320 MW) and Farakka Stage III (500 MW) are being developed by NTPC, while Muzaffarpur Stage II (2 x 195 MW) is being implemented by subsidiary company of NTPC in JV with Bihar State Electricity Board. Eastern Region states will be beneficiary of entire power from  these projects..

NTPC has also undertaken a series of community development programmes in the region under its CSR Policy. These included health care at the doorsteps of the people, drinking water in the vicinity villages and provision of supply of electricity in 5 km radius areas of its power projects/stations.

The company has also planned to set up a Medical College in Orissa.


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