NPCIL-NTPC joint venture to build 4,200 MW of nuclear power project
The Anushakti Vidhyut Nigam Limited, an atomic power joint venture between two power companies – Nuclear Power Corporation of India Ltd (NPCIL) and the NTPC Ltd – seems to be moving 13 years after the two signed an agreement but with a change.
The two companies – NPCIL, a nuclear power major and NTPC, a thermal power major – amended their earlier joint venture agreement on Monday into a 50:50 partnership.
As per the earlier agreement signed on 27.4.2010, the equity holding pattern in Anushakti Vidhyut was to be 51 per cent for NPCIL and 49 per cent for NTPC.
