Mumbai: Country’s largest power producer NTPC Ltd along with Bihar State Electricity Board (BSEB) will set up a coal-based power project, with a capacity of 1,980 MW, in Bihar.
The company has entered into a joint venture with Bihar Electricity Board on 9 September in this regard. The joint venture entity — Nabinagar Power Generating Company — would set up the coal based power project, NTPC said in a filing to the Bombay Stock Exchange.
The company, however, did not disclose any financial details.
“NTPC would set up the power project and would also look after the operations and maintenance at Nabinagar in Aurangabad district of Bihar,” the filing said.
Shares of the company were trading at Rs175.20, down 1.68% in the morning trade on the BSE.