NTPC inks agreement to form JV with Jharkhand
Posted on: 2015-08-08 Posted by: CLAT Gurukul Category: Archive Blog
National Thermal Power Corporation (NTPC) Limited has inked an agreement with Jharkhand Bijli Vitran Nigam Limited (JBVNL) to form a joint venture (JV) company for Patratu Power Plant. The agreement will help optimise utilisation of improve performance, assets and expand capacity of Patratu Thermal Power Station located in Ramgarh district of Jharkhand. The JV company will have 74 per cent share or stake of state-run NTPC while JBVNL will have the rest 26 per cent stake. It will work to improve the performance of the existing power stations in Jharkhand in order to gradually provide more power to the state. Source: The business Standard
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