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Assam to acquire 20 pc stake in UP’s Ghatampur power project

BNE News Desk


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Guwahati: The Assam government said it will acquire 20 per cent stake in UP’s Ghatampur power project, the first such investment by the northeastern state outside its territory, with a view to meet the growing power demand.

The deal is expected to be finalised on Tuesday, Chief Minister Himanta Biswa Sarma said after a cabinet meeting here.

“The cabinet today approved investment in the Ghatampur power project in UP. We will be buying 20 per cent shares, with an investment of about Rs 100 crore, and will be entitled to 400-MW power from the project,” he said.

The Ghatampur thermal plant is a 1,980-MW coal-fired power project under construction at Ghatampur in Kanpur district of Uttar Pradesh.

He said the shares will be transferred to Assam from the UP government’s quota.

“We don’t have any additional means to generate power in our own state, barring those already explored. We had been looking at making this investment, and this is the first such venture,” Sarma said.

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BNE News Desk