NTPC Ltd.

National Thermal Power Corporation (NTPC), India’s biggest power generation utility has signed a contract agreement with Electricity Generation Company of Bangladesh (EGCB) on December 13, 2011 for providing operation and maintenance (O&M) services for the 2x120 MW gas based Siddhirganj Peaking power plant located near Dhaka in Bangladesh.

This contract is awarded against international competitive bidding and is valued at about Rs 43 crore ($8.8 million). This is the largest single international order received by the company. The company has thus forayed in to becoming an International O&M Operator.

EGCB shall be receiving loan from International Development Association (The World Bank) for this O&M Services.