NTPC Ltd.

State-owned power producer, NTPC has struck 50:50 joint venture deal with Bangladesh's state-owned Power Development Board (PDB). The pact signed is for building a 1320 MW coal-fired power plant, the country's biggest, to help ease acute power shortages.

Under the pact, a JV company will be floated to install and operate the plant while the PDB and the NTPC will implement the Rs 7,512 crore project. Meanwhile, of the total project cost, 70 per cent will be arranged through loans and the rest will be equally shared between the JV partners.

Recently, the company has received approval from Ministry of Environment and Forests (MoEF) for its 2,400-Mw (3x800 MW), Stage-I Kudgi Super Thermal Power Project being set up in Bijapur district of adjoining Karnataka.