Chhattisgarh signs power purchase agreement with NTPC to get 50 percent power from its upcoming 4,000 MW coal-fired power plant

Chhattisgarh signed a power purchase agreement Thursday with India's largest power producer, the National Thermal Power Corporation (NTPC), to get 50 percent power from its upcoming 4,000 MW coal-fired power plant.Chhattisgarh will get 2,000 MW at Rs.2.59 per unit from NTPC's coal-fired project that will come up at Lara village in the state's northern coal-abundant Raigarh district.

Subodh Kumar Singh, managing director of the Chhattisgarh State Electricity Distribution Company signed on the power purchase agreement here on behalf of the state government in the presence of Chief Minister Raman Singh while M.K.V Rama Rao, NTPC's executive director (commercial), signed for his company.

NTPC had signed memorandum of understandings with the Chhattisgarh government in July 2009 for setting up five units each of 800 MW with ultra super critical technology. The Central government has already allocated coal mine for the project that is scheduled to begin power generation in 12th fifth year plan.