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NTPC inks MoU with CREDA

26 Feb 2013 Evaluate

National Thermal Power Corporation (NTPC) has inked a Memorandum of Understanding (MoU) with Chhattisgarh Renewable Energy Development Agency (CREDA) to explore the potential of geothermal resources and subsequently implement geothermal project at Tatapani in Chhattisgarh.

Tattapani Geothermal field is located approximately 100 kms northeast of Ambikapur in Surguja district of Chhattisgarh and is considered to be one of the most promising site in India for developing geothermal based power project. Geothermal generation is the harnessing of the geothermal energy or the vast reservoir of heat energy stored in the earth`s interior for generating power.

NTPC is the largest power generating major in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.

Peers
Company Name CMP
NTPC 326.50
Tata Power 364.00
Adani Power 199.60
Power Grid Corpn. 267.00
Adani Energy Solut. 1343.00
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