NTPC Ltd has signed a power purchase agreement with electricity distribution companies in Karnataka for its proposed 4,000-mw supercritical thermal power plant at Kudgi in Bijapur district of the state.

To be built at an estimated cost of 24,000 crore, the ultra mega power plant will have five units of 800 mw each when fully commissioned. NTPC is waiting for the land acquisition process to be completed. The state government has paid 102 crore to Karnataka Industrial Area Development Board for acquire the land. NTPC has already paid 26 crore to KIADB towards the partial cost of the land. Of the total land, about 1,900 acres will be earmarked for the main plant, 1,100 acres for the ash pond, and 250 acres for the township.