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NTPC to acquire stressed power assets, but sets domestic coal condition

By:  
Creamer Media Correspondent
 
COAL
Indian government-owned and -operated power producer NTPC has decided to acquire “stressed thermal power plants”, but only those that are equipped to use domestic coal as a feedstock. The country’s largest power utility, NTPC, will pursue inorganic growth by acquiring thermal power projects wherein promoters have defaulted in servicing debt raised from financial institutions and are looking to shed the assets that are already completed and commissioned.
 
 
 
 
 

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