NTPC Ltd.

National Thermal Power Corporation (NTPC) is planning to enter into a joint venture (JV) agreement for the 1,320-Mw Khulna power project in Bangladesh by the end of January. The project would be a 50:50 JV between NTPC and Bangladesh government.

The power plants are likely to come up at an investment of around Rs 13,200 crore. The coal-fired power plants are likely to be installed on a 50:50 equity basis to be run on imported coal and operated by NTPC. The construction of the project is likely to start by April next year.

Earlier in August 2011, NTPC and Bangladesh Power Development Board ((BPDB) had signed a memorandum of understanding (MoU) to establish two thermal power projects at Chittagong and Khulna for mitigating the power shortages in the neighbouring nation.