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NTPC to form joint venture to take over Muzaffarpur Thermal Power Station
Posted On : 2006-09-06 06:38:39( TIMEZONE : IST )
National Thermal Power Corporation Ltd (NTPC) has announced that as per the decision of the Govt. of India to take over Muzaffarpur Thermal Power Station (2x110 MW) located in the state of Bihar, a joint venture Company between the Company and Bihar State Electricity Board (BSEB) has been incorporated on September 06, 2006 under the name and style of Vaishali Power Generating Company Ltd. The Company shall initially hold 51% of equity capital and the balance equity shall be subscribed by BSEB / Govt. of Bihar. The Company is a Subsidiary of the Company.
