New Delhi: State-owned power generator NTPC Ltd today announced it has acquired the 720 Megawatt (Mw) Barauni thermal power plant in Begusarai district in Bihar with effect from 15 December.

The coal based power station, acquired from Bihar State Power GenerationCompany Ltd, has 2 units of 110 Mw capacity each which are currently under Renovation & Modernization apart from 2 other units of 250 Mw capacity each under construction.

“The units of the power station will be progressively put under commercial operation. The project has linked Badam coal block which is also part of the transfer scheme,” the company said in a statement today.

The transfer of Barauni Thermal Power Station has been completed by NTPC and BSPGCL under in accordance with “The Bihar Power Generation Undertakings Transfer Scheme 2018” notified by the state government on 27 June, 2018 and the amendment dated 14 December, 2018. 

NTPC also informed that 100 per cent of the capacity of the project is tied up through Power Purchase Agreements (PPAs) with Bihar power distribution companies.