, India
Logo from NTPC's website.

NTPC acquires Jhabua Power

This will bring the IPP’s total installed capacity to over 70GW.

India’s largest independent power producer NTPC acquired Jhabua Power Limited through the Corporate Insolvency Resolution Process, which would support its long-term capacity goals.

In a statement, NTPC said Jhabua Power has an operational thermal power capacity of 1 x 600MW in Seoni, Madhya Pradesh. The acquisition brings NTPC’s total installed capacity to 70, 064 megawatts. 

“With a target set to achieve installed capacity of 130 GW by 2032 from a diversified portfolio, NTPC has been exploring various opportunities for capacity expansion through both organic and inorganic routes,” it said.

READ MORE: NTPC commissions 56MW Kawas Solar project

NTPC said it signed a shareholders agreement with JPL and Secured Financial Creditors. Under the resolution plan, the IPP offered a 50% stake in JPL to the secured financial creditors whilst it maintained management rights and control over the company.

The resolution process was led by the National Company Law Tribunal (NCLT) in Kolkata, the first time NTPC went through the tribunal to acquire a power asset.

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

First Gen acquires 165 MW hydropower plant
The acquisition includes the switchyard, administration complex, guest house and roads.
SECI launches India’s largest solar-battery hybrid project
The power generated from the project will be supplied to the state of Chhattisgarh.


Summit Power International provides vital LNG support to Bangladesh
Without cross-border electricity supply, LNG is needed by a country facing geographical constraints to deploy renewables.
PLN focuses digital processes on equitable electricity distribution
State-run firm’s president succeeded in electrifying 76,900 villages and sub-districts throughout Indonesia.
VOX POP: How can vehicle-to-grid technologies boost energy transition?
Vehicle-to-grid (V2G) technology is seen as a groundbreaking innovation towards the resilience of the power grid and the improvement of robust energy transition.