Ministry of Power Signs Pact with Three State-Run Utilities for Augmenting Generation

Mercom India | Oct 1, 2020 at 12:46 PM
  • Further, the MoU has set SJVN a capital expenditure (CAPEX) target of ₹28.8 billion (~$393 billion) and a turnover target of ₹28 billion (~$382 billion) along with other targets related to operational efficiency and project monitoring.
  • Apart from these, NTPC would also focus on 15 million metric tons of coal production, and the MoU has set ₹210 billion (~$2.8 billion) for its CAPEX, besides ₹980 billion (~$13 billion) of revenue from operations.
  • The Power Grid Corporation of India (PGCIL) agreement is related to various parameters such as financial, physical, and project execution.