Lucknow: Uttar Pradesh’s loss will be Madhya Pradesh’s gain. After much haggling and high level deliberations, the much-hyped 4,000-mw power project in the state, that was to be set up by state-run National Thermal Power Corporation (NTPC) at Bargad, in Chitrakoot district of UP, has been cancelled, over excessive claim for power supply made by the state government.

The Centre is now scouting for a new site in Madhya Pradesh, where the plant is likely to come up.

However, when contacted by FE, NTPC chairman RS Sharma denied that the project was off.

"We are holding discussions with the UP government and the project is still on,” Sharma told FE.

But speaking to FE, an official of the power ministry said, talks between the state government and NTPC have fallen through. He sa ... Read more »