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Govt likely to arm NTPC with financial power (The Economic Times 1st Dec 2008)NTPC, the country’s largest state-owned power producer, may soon be armed with more financial power to compete with its private sector counterparts to bid for state sector projects. The government is considering a proposal to waive the ceiling of Rs 1,000 crore for equity investments by NTPC in power projects where competitive bids have been invited by state distribution licensees. The proposal, once approved, will enable NTPC to make equity investment of over Rs 12,000 crore in state projects to add over 10,000 MW of additional capacity. More
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