Joint Venture5 Nov 2024, 04:41 pm
NTPC Limited Signs Joint Venture Agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited for Chhabra Thermal Power Plant
AI Summary
NTPC Limited has entered into a Joint Venture Agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) for the Chhabra Thermal Power Plant. The agreement was signed on 4th November 2024. The JV will be a 50:50 partnership, with both parties agreeing to own and operate the plant, which has a current capacity of 2320 MW. NTPC Limited has been given the right to appoint key personnel, including the Chief Executive Officer, Chief Financial Officer, and Chief Operating Officer. The agreement does not involve any related parties or related party transactions.
Key Highlights
- NTPC Limited and Rajasthan Rajya Vidyut Utpadan Nigam Limited sign a Joint Venture Agreement for Chhabra Thermal Power Plant.
- The JV is a 50:50 partnership, with both parties agreeing to own and operate the plant.
- The Chhabra Thermal Power Plant has a current capacity of 2320 MW.
- NTPC Limited has been given the right to appoint key personnel in the JV.
- The agreement does not involve any related parties or related party transactions.