SETTING UP POWER PLANT BY RAILWAYS
IN NABINAGAR
LOK SABHA
The
Railways have planned to set up a power plant jointly with NTPC
in Nabinagar in Bihar.
It is proposed to
instal four units of 250 MW each at a cost of Rs. 4374 crores.
For this purpose a Joint Venture Company "Bhartiya Rail Bijlee
Company" is proposed, to be formed with National Thermal
Power Corporation Ltd. (NTPC).
About seven years
time will be taken for fructification from the date of Cabinet
approval.
Forty-nine per cent
equity will be by NTPC.
Annual saving of
about Rs. 400 crores is anticipated on commissioning of this project
on the basis of current level of traffic and electric traction
tariff.
This information
was given by the Minister of State for Railways Shri Basanagouda
R. Patil in a written reply to a question from Shri Arun Kumar
in the Lok Sabha today.
