Joint Venture1 Apr 2024, 11:40 pm
NTPC Signs Amendment to Joint Venture Agreement with UPRVUNL
AI Summary
NTPC Limited has signed a Supplementary Joint Venture Agreement (SJVA), Amendment-II, with U.P. Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) on 1 April 2024. This amendment is to amend the existing Joint Venture Agreement (JVA) and Supplementary Joint Venture Agreement (SJVA) from 2008 and 2023 respectively. The key changes include the provision of existing UPRVUNL land to the Joint Venture Company, Meja Urja Nigam Private Limited (MUNPL), for the O bra-D(2X800 MW) and Anpara-E (2X800 MW) Projects at a nominal rate of Rs.1.00 per acre per year.
Key Highlights
- NTPC signed a Supplementary Joint Venture Agreement (SJVA), Amendment-II, with UPRVUNL on 1 April 2024
- This amendment will change the existing Joint Venture Agreement (JVA) and Supplementary Joint Venture Agreement (SJVA) from 2008 and 2023 respectively
- Existing UPRVUNL land will be provided to the Joint Venture Company, Meja Urja Nigam Private Limited (MUNPL)
- The land will be given for the O bra-D(2X800 MW) and Anpara-E (2X800 MW) Projects
- The land will be given on a lease basis at a nominal rate of Rs.1.00 per acre per year