NLC planning to acquire DVC’s 1200 mw thermal power proj

State-run Neyveli Lignite Corporation (NLC) is planning to acquire Damodar Valley Corporation’s 1200 mw Raghunathpur Thermal Power Project (RTPP) through a joint venture company.

“NLC has initiated actions to acquire power assets and in this regard one of the proposals under consideration is the acquisition of 1,200 mw Raghunathpur Thermal Power Project (RTPP) of Damodar Valley Corporation (DVC) through a joint venture company (JVC) proposed to be formed with the DVC with the equity shareholding of 74:26 by NLC and DVC,” the company said in a BSE filing.

RTPP consists of two units of 600 mw and both the units were commissioned in March this year.

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