(a) whether the Planning Commission has recommended that National Thermal
Power Corporation (NTPC) should undertake new investments jointly with either State
utilities companies or private sector companies;
(b) if so, the details thereof; and
(c) the reaction of the Government thereto?
THE MINISTER OF POWER( SHRI P.M. SAYEED )
(a) : Yes, Sir.
(b) & (c) : Planning Commission has recommended in February, 2003 that National
Thermal Power Corporation (NTPC) takes up projects through joint ventures with private
promoters and the State Governments. Recommendations of the Planning Commission
were forwarded to NTPC.
NTPC is a Navratna Company and in terms of the powers conferred,
NTPC is competent to establish financial joint ventures and wholly owned subsidiaries in
India abroad with the stipulation that the equity investment of the Public Sector
Enterprise (PSE) be limited to the following:
(i) Rs.200 crores in any one project.
(ii) 5% of the net worth of the PSE in any one project.
(iii) 15% of the net worth of the PSE in all joint ventures/subsidiaries put together.
NTPC signed a Memorandum of Understanding on 20.02.2004 with
Gujarat Power Corporation Limited (GPCL) and Gujarat Electricity Board (GEB) for
setting up 1000 MW thermal power project at Pipavav in Amreli district of Gujarat.
NTPC has also taken up/envisages to take up the Joint Venture projects viz. Bhilai
Captive Power Plant (CPP) Stage-II (500 MW), Nabinagar Thermal Power Project (TPP)
(1000 MW) and Ennore Thermal Power Project (TPP) (1000 MW) for benefits during the
11th Plan period.