NTPC to build power plant in Uttar Pradesh

Thursday, 28 February 2008, 08:00 Hrs
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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
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