NTPC Ltd.

NTPC has signed a Supplementary Joint Venture Agreement with Nuclear Power Corporation of India (NPCIL) on May 1, 2023. This Supplementary Joint Venture Agreement (SJVA) will amend Joint Venture Agreement (JVA) dated April 27, 2010 and form integral part of JVA dated April 27 2010. The provisions of SJVA are subject to approval from Government of India.

The company has signed supplementary joint venture agreement in order to amend Joint Venture Agreement dated April 27, 2010 in respect of formation of a joint venture company Anushakti Vidhyut Nigam (ASHVINI) between NTPC and NPCIL. Supplementary Joint venture Agreement has been signed to amend the earlier JV Agreement for changes necessitated due to amendment in Atomic Energy Act and to re-structure NTPC & NPCIL Joint Venture Company, ASHVINI to have equal (50:50) partnership/shareholding of NTPC and NPCIL instead of 49:51 shareholding earlier.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.