NTPC signs Joint Venture Agreement

National Thermal Power Corporation Ltd (NTPC) has informed BSE that a Joint Venture Agreement has been signed on October 12, 2009 at New Delhi amongst NTPC Ltd. and Coal India Ltd. for incorporation of Joint Venture Company with equal equity participation for development of Brahmini & Chichro Patsimal coal mine blocks. The coal from these mines would be supplied to Farakka and Kahalgaon expansion projects of NTPC. After meeting the coal requirements of Farakka and Kahalgaon expansion projects of NTPC, the proposed JV Company will also consider implementation of integrated thermal power plant, if found feasible.