NTPC wins 300 MW order to supply electricity to Bangladesh

NTPC on Tuesday announced that it has won a tender for supplying 300 megawatts electricity to Bangladesh for 15 years.

The Bangladesh Power Development Board had invited tenders for supply of 500 MW power for short term from June 1, 2018 to December 31, 2019 and for long-term from January 1, 2020 to May 31, 2033.

NTPC Vidyut Vyapar Nigam, a wholly-owned subsidiary of NTPC, emerged as successful bidder for both in short and long term for 300 MW power. The company, however, did not disclose the rate at which power will be supplied.

NTPC is an Indian public sector undertaking engaged in the business of generation of electricity and allied activities. The company is India’s largest power utility with an installed capacity of 51,383 MW and plans to become a 130 GW company by 2032.

On Monday, NTPC closed at Rs. 164.90 per share, up Rs. 1.65 or 1.01 per cent on NSE. The scrip has a 52-week high of Rs. 188 and a 52-week low of Rs. 153.15 per share on NSE.