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NTPC LTD. - NTPC Ltd reply to clarification sought by the exchange
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04 May 2015
The Exchange had sought clarification from NTPC Ltd with respect to news appearing in The Economic Times on May 4, 2015 titled &quot;NTPC to Build 6,400mw Power Plant in J&apos;Khand, Jharkhand to Get India&apos;s Biggest Power Plant.&quot;&lt;BR&gt; &lt;BR&gt;NTPC Ltd replied stating &quot;We wish to inform that NTPC has signed Memorandum of Agreement (MoA) on May 03, 2015 with Government of Jharkhand, Jharkhand Urja Vikas Nigam Limited (JUVNL), Jharkhand Urja Utpadan Nigam Limited (JUUNL) and Jharkhand Bijli Vitran Nigam Limited (JBVNL) for performance improvement and capacity expansion of Patratu Thermal Power Station (PTPS).&lt;BR&gt;&lt;BR&gt;A Joint Venture Company to be promoted by NTPC and JBVNL with 74:26 equity participation will be formed to take over PTPS. The JV Company will build 2400 MW (800x3) in first phase followed by second phase of 1600 MW (800x2).&lt;BR&gt;&lt;BR&gt;The JV Company shall takeover specified assets including land of PTPS on mutually agreed valuation.&quot;
View all announcements for NTPC LTD. Source: BSE India