BRITISH GAS TO DIVEST STAKE IN LNG CO TO NTPC

Article Abstract:

British Gas, which has a 51 percent holding in Gujarat Pipavav LNG Terminal Company Ltd (GPLTC), will dilute its majority stake in favour of National Thermal Power Corporation (NTPC) and the Gujarat state government. NTPC will be acquiring at least a 26 percent stake in GPLTC to source its liquefied natural gas requirements for its northern India power plants. NTPC wants to acquire a majority stake so that it can have a say in the sourcing of the feedstock. (khr)

Comment:

British Gas, which has a 51 percent holding in Gujarat Pipavav LNG Terminal Company Ltd (GPLTC), will dilute its majority stake in favour of National Thermal Power Corporation (NTPC) and the Gujarat state government.

United Kingdom, United States, Gas Utilities, Natural Gas Distribution, Electric services, Gas Production and Distribution, Centrica PLC, National Thermal Power Corp., Gujarat Pipavav LNG Terminal Company Ltd.

---

ACC PLANNING TO SELL 5 POWER UNITS TOTALLING 125 MW TO TEC

Article Abstract:

Associated Cement Companies is planning to sell its five captive thermal power units aggregating 125 mw to Tata Electric Companies of the Tata group. The Madhya Pradesh State Electricity Board and the Karnataka State Electricity Board have to clear the sale as the power plants are their jurisdiction. Sources say that the five units may be sold for a consideration of about Rs500 crore. (khr)

Comment:

Is planning to purchase 5 captive thermal power units, aggregating 125 mw, of Associated Cement for around RS500 crore

Facilities & equipment, Electric Power Generation, Thermal Electric Power, Thermal power plants, Article, Associated Cement Companies Ltd., Tata Electric Cos.

---

Similar abstracts:

• Abstracts: BHEL ORDER-BOOK SWELLS. NTPC TO TAKE OVER 3 UP HYDRO PROJECTS BHEL POCKETS Rs3,600-CRORE SIMHADRI PROJECT FROM NTPC
• Abstracts: IFC TO INVEST MORE IN GTB, STAKE MAY GO UP TO 32% RBI CLEARS IFC'S PLAN TO HIKE STAKE IN GTB CHASE TO PICK NATWEST STAKE IN HDFC BANK
• Abstracts: HENKEL-SPIC INKS Rs51-Cr TAKEOVER DEAL FOR SWC UNITS. SWC-HENKEL DEAL STAYED. HENKEL TO OFFER SAME PRICE TO ALL CCL SHAREHOLDERS
• Abstracts: ANSALDO OUT OF MYSORE POWERGEN PROJECT ANSALDO SEEKS INDIAN PARTNER FOR BOILER VENTURE ANDHRA PRADESH INVITES ANSALDO TO SET UP JOINT VENTURE
• Abstracts: FOODGRAIN OUTPUT TO ELUDE TARGET. NCAEP PREDICTS 28 MT FOODGRAIN SHORTFALL IN 2025 KHARIF FOODGRAIN YIELD UP BY 10% IN ANDHRA

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.