News Brief | October 2013
NTPC to bid for Rs.40k crore UMPPs
NTPC is set to aggressively bid for Rs 40,000 crore worth of ultra mega power plants (UMPPs) in Odisha and Tamil Nadu. In addition, the firm is conducting due diligence to buy a few stranded power plants. The UMPP bids are likely to be called by Power Finance Corporation (PFC), the nodal agency for awarding UMPPs, within a week.