NTPC to build power plant in Uttar Pradesh

Thursday, 28 February 2008, 08:00 Hrs
Printer Print Email Email
New Delhi: India's power generation major NTPC Ltd and state utility Uttar Pradesh Rajya Utpadan Nigam (UPRUNL) will together set up a 1,320 MW capacity coal-based power plant at Meja near Allahabad in Uttar Pradesh, the company said Thursday.

"The company and UPRVUNL have signed a joint venture (JV) agreement for implementing a 1,320 MW coal-based thermal power plant at Meja," NTPC said in a statement Thursday.

Both partners will have 50 percent equity in the proposed JV, the statement said.

"T. Sankaralingam, chairman, NTPC and UPPCL chairman G.B. Patanayak signed the agreement in Lucknow on Feb 28," the company said.

"Ranveer Upadhyay, UP's minister for energy, was also present on this occasion."
Source: IANS
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..