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.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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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
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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