Equity investments ceiling by NTPC waived

New Delhi, Mar 27 : The Cabinet Committee on Economic Affairs (CCEA) today gave its approval for waiving the ceiling of Rs.10 biillion for equity investment by NTPC Ltd. to establish financial joint ventures and wholly owned subsidiaries in India or abroad for participating in the bidding called by State Utilities or Distribution licensees under case 2 of the bidding guidelines for setting up power projects.

The waiver of the ceiling will facilitate participation of NTPC in the bidding for the development of power projects initiated by utilities and result in greater competition and establishment of more public sector power projects. (ANI0

ANI