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Tuesday, December 6, 2011

NTPC likely to exit JVs with Alstom - Report

Tuesday, 06 Dec 2011

Live Mint reported that India’s biggest power generation utility NTPC Ltd may wind up one affiliate and exit a joint venture with European company Alstom SA as part of a restructuring exercise suggested by consultant Deloitte Touche Tohmatsu India Pvt. Ltd.

People familiar with the situation said that the state owned company is considering closing NTPC Hydro Ltd and leaving NTPC-Alstom Power Services Pvt. Ltd, as suggested in a draft report submitted by Deloitte.

NTPC Singrauli Super Thermal Power Station at Shaktinagar in Sonbhadra District of Uttar Pradesh.

In addition, the report recommended a timed exit by NTPC from equipment manufacturing joint ventures such as NTPC BHEL Power Projects Pvt. Ltd, BF NTPC Energy Systems Ltd (BFNESL) and NTPC-Telk, a tie-up with Transformers and Electricals Kerala Ltd.

(Sourced from

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