Mumbai: NTPC Ltd. is setting up a coal-based thermal power project of 750 MW (3x250 MW) at the site of Assam''s existing non-operational Bongaigaon Thermal Power Station (TPS) (4x60 MW), power minister Sushilkumar Shinde told the Lok sabha.

NTPC has concluded a transfer agreement with the Assam government and the Assam Power Generation Corporation Ltd. (APGCL) for transfer of the existing infrastructure of 240 MW (4x60 MW) Bongaigaon Thermal Power Station of APGCL in Assam to NTPC Ltd. and setting up of new 3x250 MW power station at same location by NTPC Ltd.

Power purchase agreement (PPA) has been signed by NTPC Ltd. with Assam State Electricity Board (ASEB) on 30 May for power supply from the project.

The project is estimated to cost Rs4,496.24 crore (at 2006 prices). All key linkages/clearances for the project, including environmental clearance have already been obtained.
The project is expected to be commissioned in 2010-11.

NTPC can partner with a strategic partner who can bring the expertise in manufacturing which in combination with NTPCs strength in planning, Engineering, Project Management, Operational Expertise can be used to develop a viable equipment manufacturer and EPC contractor.

NTPC has decided to take 44.6-per cent stake of Transformers and Electricals Kerala, Ltd. (TELK) Kerala. An agreement to this effect has been signed amongst NTPC, TELK and the government of Kerala.