National Thermal Power Corporation Ltd (NTPC) has announced that the Company and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL) have signed a Memorandum of Understanding on November 22, 2007 for the formation of a Joint Venture Company (JVC) for establishing and operating 2X660 MW coal based thermal power project at Meja Tehsil or any other suitable site in Allahabad district in the state of Uttar Pradesh subject to establishment of techno-commercial viability and other clearances. JVC shall be formed with equal equity participation from the Company and UPRVUNL.
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