All is not well with NTPC’s Adra Power Project

Adra, National Thermal Power Corporation’s proposed project in West Bengal, has reportedly hit a roadblock over valuation of land on which it is to be built.

Following this, the power producer now plans to approach the Railway Ministry for a resolution. The memorandum of understanding for the plant had been signed in December.
The 1,3200-mw thermal power plant is to be executed as a 26:74 joint venture between the two state-run entities. Over 1,300 acres of land identified for the project belongs to the Railways. NTPC and the Railways need to agree on its pricing for the project to take off.

‘We feel the price being asked is on the higher side. The land is valued nearly at par with that in Kolkata, and NTPC executives are not too happy with the price being asked,’ an NTPC source was quoted as saying.

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