NTPC and Maharashtra State Power Generation Company (Mahagenco) have announced their agreement to jointly acquire Singareni Thermal Power Limited (STPL) in a deal valued at ₹38 billion.

Acquisition Details

The acquisition agreement involves two major state-owned power generation companies coming together to purchase STPL. The transaction represents a significant consolidation move within India's power generation sector.

Strategic Implications

This joint acquisition brings together NTPC, one of India's largest power generation companies, with Mahagenco, Maharashtra's state power generation entity. The partnership demonstrates the ongoing consolidation trend in India's power sector as companies seek to strengthen their market positions and operational capabilities.

About the Companies

NTPC operates as a leading power generation company in India, while Mahagenco serves as Maharashtra state's power generation arm. STPL, the target company, operates in the thermal power generation segment. The collaboration between these entities is expected to create synergies in power generation operations and market reach.

NTPC Vidyut Vyapar Nigam (NVVN) has announced a tender invitation for installing 7,000 kW of grid-connected rooftop solar systems at National Aluminium Company's facilities in Odisha. The project covers installations at both Angul and Damanjodi locations, with bid submissions closing on February 2, 2026.

Tender Details and Timeline

The tender process follows a structured timeline with specific requirements for participation. Key details include:

Financial Requirements

Bidders must meet substantial financial commitments and guarantees throughout the project lifecycle:

The contract performance guarantee must be submitted within 28 days of receiving the award notification, while the O&M performance guarantee covers the five-year maintenance period.

Eligibility and Experience Criteria

The tender restricts participation to specific categories of suppliers with demonstrated experience. Eligible bidders include:

• NVVN-enlisted suppliers
• Class-I Local suppliers (50% local content requirement)
• Class-II Local suppliers (20% local content requirement)

Bidders must demonstrate experience with at least one similar project valued at ₹124.70 million within the last 10 years. Additionally, their average annual turnover over the past three financial years should meet the ₹124.70 million threshold.

Technical Specifications

The rooftop solar systems must achieve specific performance standards to ensure optimal energy generation. The installations require a minimum capacity utilization factor of 17.00%, ensuring efficient power generation throughout the operational period.

Bidders are encouraged to conduct site visits at both Angul and Damanjodi facilities to gather necessary technical information before submitting their proposals. This site assessment helps ensure accurate project planning and implementation.

Previous NVVN Projects

NVVN has previously undertaken similar renewable energy initiatives, including a tender in April for engineering, procurement, and construction of a 6 MW ground-mounted solar power project for Cement Corporation of India at its Tandur factory in Telangana.

The Odisha rooftop solar project represents NVVN's continued commitment to expanding renewable energy infrastructure across industrial facilities in India, supporting the broader national solar energy objectives.

Source: https://www.mercomindia.com/ntpc-subsidiary-7-mw-rooftop-solar-systems-odisha