Railways to set up 1,000 MW power plant with NTPC

The government on Friday said that it would set up a 1,000 MW coal-based power plant at Nabi Nagar in Bihar.

“After discussions with the ministry of power, we propose to set up a 1,000 MW power plant at Nabi Nagar in Bihar,” railway minister Mamata Banerjee said while presenting the Railway Budget.

This plant is expected to help save considerable cost of electricity to the railways.

“This project is of great importance as it would be located in an under developed tribal area and will help in providing employment and bringing the tribal people into the mainstream,” she said.

It would be executed by NTPC subsidiary under the name— Bhartiya Rail Bijli Company limited— with 74:26 equity participation by NTPC and the ministry of railways.

At present, land acquisition for the power plant is in progress.

NTPC is the country’s largest power producer with a generation capacity of nearly 30,000 MW and the company plans to add another 3,300 MW in the current financial year.link