NTPC likely to acquire a majority stake in RTPP

The acquisition of a majority stake by the National Thermal Power Corporation (NTPC) in the 1,650-MW Rayalaseema Thermal Power Plant (RTPP) located in Kadapa district appears to be well on its course going by the expert committee’s observations on the ‘problems relating to RTPP and steps to make it financially viable’.

The AP-Genco sought the views of the AP Power Employees’ Joint Action Committee (JAC) on a host of recommendations made by the expert panel, which stated that the first option is to reduce costs by rationalising coal supply and staff, and that the AP-Genco may alternatively bring in a Joint Venture (JV) partner for achieving a turnaround.

The JV partner is most likely to be the public sector behemoth NTPC having ‘management control immaterial of the JV structure’.

THE HINDU