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NTPC Ltd signed a supplementary joint venture agreement with UPRVUNL

Sep 15, 2023

By: BlinkX Research Team

On Wednesday, NTPC Limited and Uttar Pradesh Rajya Vidyut Utpadan inked a supplemental joint venture agreement, the company reported in an exchange filing.

The additional joint venture will amend the joint venture from February 28, 2008, with respect to the creation of a joint venture company, Meja Urja Nigam Private Limited (MUNPL), between NTPC and UPRVUNL.

The key amendments according to the exchange filing include, "The SJVA has been signed to take up joint development of Meja Stage-II (2X660 MW), Obra 'D' Thermal Power (2X800 MW) & Anpara 'E' Thermal Power Plant (2X800 MW) projects, subject to techno commercial viability and necessary clearance/ Govt approval and Power Purchase Agreement (PPA) in place ."