NTPC and CIL sign JVA.
14th Oct, 2009
Joint Venture Agreement has been signed between NTPC Limited and Coal India Limited in New Delhi for incorporation of Joint Venture Company with 50:50 equity participation for development of Brahmini & Chichro Patsimal coal mine blocks for meeting coal requirement of Farakka and Kahalgaon expansion projects of NTPC. After meeting the coal requirements of these projects, JVC would also consider implementation of integrated thermal power plant, if found feasible.
Shri R.K.Jain, Director (Tech), NTPC & Shri N.C.Jha, Director (Tech), CIL have signed the JVA on behalf of these two Navratna organizations in presence of Shri R.S.Sharma, CMD ,NTPC and Shri P.S. Bhattacharyya, Chairman (CIL),Directors on the Board of CIL and NTPC besides CMD of Subsidiary company of CIL and senior officials of both NTPC and CIL..
Shri R.S.Sharma, CMD, NTPC and Shri P.S. Bhattacharyya, Chairman (CIL) exchanging the JVA documents in the presence of senior officials of NTPC and CIL.
« Back to Press Releases