October 11, 2008

NTPC board approves 3 investments

National Thermal Power Corporation Limited has announced that its board of directors, at its meeting held on November 26th 2007, has transacted the following

1) Given the investment approval for 1000 MW Mauda Thermal Power Project in Maharashtra at an appraised estimated cost of INR 54,592.79 million.

2) Given the investment approval to undertake renovation and modernization works at 645 MW Kawas Gas Power Station in Gujarat at an estimated cost of INR 5974.90 million.

3) Approved the company's equity investment in Bhartiya Rail Bijlee Company Ltd upto INR 11882.60 million or 74% of equity contribution to enable it to implement 4X250 MW Nabinagar Thermal Power Project in Bihar.