Let us momentarily leave the devastation caused by the COVID-19 pandemic in terms of human life and economy aside. One must admit that the pandemic has imparted several lessons ranging from how humans should lead their lives right up to how nations should be run.
Last week, NTPC announced that it has taken over a stressed power generation plant owned by the Bihar state government. The Central utility also announced that it has acquired full control of two joint ventures, in which Bihar government had equity stake. The two joint ventures are Nabinagar Power Generating Company Pvt Ltd and Kanti Bijli Utpadan Nigam Ltd.
Recently, Bihar Grid Company Ltd (BGCL) was in the news when lending agency Power Finance Corporation sanctioned financial assistance worth Rs.1,350 crore, representing the entire debt component of a Rs.1,688-crore transmission upgrade scheme. The project aims at constructing 16 transmission lines, four associated substations and seven line-bay extension works in the eastern state.
