NTPC LTD. - Updates

NTPC Ltd has informed BSE that:<br/><br/>"A Memorandum of Understanding (MoU) has been entered on October 01, 2014 amongst Ministry of New and Renewable Energy (MNRE), National Institute of Wind Energy (NIWE) and consortium of partners consisting of NTPC Ltd. (as lead partner), Power Grid Corporation of India Ltd.(POWERGRID), Power Finance Corporation Ltd. (PFC), Indian Renewable Energy Development Agency Ltd. (IREDA), PTC India Limited (PTC) and Gujarat Power Corporation Ltd. (GPCL) for undertaking development of Offshore Wind Power projects and its evacuation and integration into the grid though a Joint Venture Company to be incorporated in this regard."