DVC could shun JV plan with NLC for Raghunathpur power plant

The Damodar Valley Corporation Ltd might "drop" plans to transfer its Raghunathpur thermal power plant to a joint venture with NLC India Ltd, owing to a delay in getting clearance for the proposal from the West Bengal government.

The DVC has been incurring losses due to the 1,200-MW Raghunathpur power plant, the estimated financial bleeding at Rs 70 crore per month.

"We are working on alternatives for Raghunathpur project since we have not received nod for the JV with NLC for the last two years. The alternative includes dropping the joint venture plan," a top DVC official, who requested anonymity, told

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