NTPC stock saw early trade gains on September 15 after signing a supplementary joint venture agreement with UP state government utility. NTPC and Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL) signed a JV agreement in 2008 to form Meja Urja Nigam (MUNPL).
A new supplementary joint venture agreement has been signed to jointly develop Meja Stage-II, Obra ‘D’ Thermal Power, and Anpara ‘E’ Thermal Power Plant projects.
The projects include Meja Stage-II (2X660 MW), Obra ‘D’ Thermal Power (2X800 MW), and Anpara ‘E’ Thermal Power Plant (2X800 MW). Joint development is subject to techno-commercial viability and necessary clearances along with a power purchase agreement (PPA) in place.
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