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NHPC, State-Run Hydro Power Giant, Receives Nod To Acquire PTC India s 2% Equity Stake In Chenab Valley Power Projects

NHPC To Acquire PTC India s 2% Stake In Chenab Valley Power Projects Chenab Valley Power Projects is a joint venture company;NHPC holds 49 per cent in Chenab Valley Power Projects, whereas JKSPDC holds 49 per cent and PTC holds 2 per cent Updated: May 13, 2021 11:44 am IST Post the stake acquisition, NHPC s share in Chenab Valley Power Projects will increase to 51 per cent NHPC has received the go-ahead to acquire the entire 2 per cent stake of PTC India in Chenab Valley Power Projects. Chenab Valley Power Projects is a joint venture company; NHPC holds 49 per cent in Chenab Valley Power Projects, whereas JKSPDC holds 49 per cent and PTC holds 2 per cent. Post the stake acquisition, NHPC s share in Chenab Valley Power Projects will increase to 51 per cent and it will become a majority stakeholder.

Leveraging fertiliser initiative to check inflation, forex savings

NSIA, Uche Orji Unlike in advanced nations where some level of inflation is tolerable to stimulate economic activities, Nigeria’s inflationary trend is detrimental to its growth due to structural deficiency, logistic problems, and insecurity among others. Many of the factors that have fuelled Nigeria’s rising inflation are not showing any signs of receding in the short term. Combined with a revenue problem, the need for government to boost local food production spurred the implementation of the Presidential Fertiliser Initiative (PFI). FEMI ADEKOYA writes on progress made thus far. To conserve foreign exchange, the Central Bank of Nigeria (CBN) placed some products on restriction, while urging many businesses to embrace import substitution.

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