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Joint Venture

JOINT VENTURE (JV) COMPANIES

The following joint venture companies have been formed so far:


JVs FOR POWER GENERATION

NTPC-SAIL POWER COMPANY (PVT) LTD (NSPCL)
NTPC-SAIL POWER COMPANY (PVT) LTD (NSPCL)...Click here to view
1. A Joint Venture Company of NTPC and SAIL (50: 50 equity) was incorporated on 08.02.1999.
2. BESCL (Bhilai Electric Supply Co. Pvt Ltd), another JV Co. of NTPC and SAIL with 50:50 equity participation), has merged with NSPCL w.e.f 2nd August 2006.
OBJECTIVE To own and operate captive power plants for SAIL’s steel manufacturing facilities located at Durgapur, Rourkela and Bhilai. To undertake expansion of Bhilai plants.
NTPC TAMILNADU ENERGY COMPANY LIMITED
NTPC TAMILNADU ENERGY COMPANY LIMITED (NTECL)...Click here to view
This JV was incorporated on 23.05.2003 with Tamil Nadu Electricity Board, a State run Electricity Board in the State of Tamil Nadu engaged in generation, transmission and distribution of electricity.
OBJECTIVE To set up a 1500 MW coal based power station at vallur, Ennore in Tamil Nadu utilising the existing infrastructure facility at Ennore and supply power mainly to Tamil Nadu and the states of Kerala, Karnataka and Pondicherry.
PROMOTERS' EQUITY NTPC: 50%
TNEB : 50%
ARAVALI POWER COMPANY PRIVATE LTD
ARAVALI POWER COMPANY PRIVATE LTD (APCPL)...Click here to view
The JV Company was Incorporated on 21.12.2006 with, Indraprastha Power Generation Company Ltd. (IPGCL) and Haryana Power Generation Company Ltd (HPGCL).
OBJECTIVE To set up a coal-based power station of 1500MW capacity in Distt. Jhajjar, Haryana, in joint venture with IPGCL and HPGCL to supply power to Delhi and Haryana.
PROMOTERS' EQUITY NTPC-50%, IPGCL-25%, HPGCL-25%
MEJA URJA NIGAM PRIVATE LIMITED
The Joint Venture Company has been incorporated on 02.04.2008 with UPRVUNL.
OBJECTIVE To set up a 2 X 660MW Thermal Power Plant at Meja, Distt. Allahabad in UP.
PROMOTERS' EQUITY NTPC: 50%
UPRVUNL : 50%
RATNAGIRI GAS & POWER PVT. LIMITED
This Joint Venture Company was Incorporated on 08.07.2005
OBJECTIVE To own and operate the assets of the erstwhile Dhabol Power Company ( 1967 MW) and 5 MMTPA LNG Re-gasification Terminal

PROMOTERS' EQUITY

NTPC: 30.17%
GAIL: 30.17%
IFIs: 21.77% (ICICI: 10.65%, SBI: 7.14%, CANARA BANK: 1.87%)
MSEB HOLDING CO. LTD.: 17.89%

Entire Power Block (1967 MW) of the Gas Power project is under commercial operation. Domestic gas from KG basin has been made available by MoPNG for long term requirement for the operation of Gas Power Plant.
 

NABINAGAR POWER GENERATING CO. PVT. LTD.
The JV Company was Incorporated on 09.09.2008 with Bihar State Electricity Board
OBJECTIVE To set up 3x660 MW Thermal Power Plant at New Nabinagar, Bihar and operation & maintenance thereof
PROMOTERS' EQUITY NTPC: 50%
BSEB: 50%

JVS FOR SERVICES

NTPC GE POWER SERVICES PVT. LTD. 
The JV Company was incorporated on 27.09.1999 and formerly known as NTPC-ABB ALSTOM POWER SERVICES PVT. LTD)
OBJECTIVE Undertake Renovation & Modernisation of power stations in India and other SAARC countries
PROMOTERS' EQUITY NTPC: 50% ,
GE : 50%

The Company is engaged in undertaking work of renovation & modernisation of Power Plants, performance optimization and improvement of availability & efficiency of Power plants and their life extension.

UTILITY POWER TECH LTD
This JV company incorporated on 23.11.1995 has been promoted with Reliance Infrastructure Limited (formerly BSES Limited), a private sector Indian power company.
OBJECTIVE To undertake project construction, erection and supervision in power sector and other sectors in India and abroad
PROMOTERS' EQUITY NTPC: 50%
Reliance Infrastructure Ltd.: 50%
NATIONAL HIGH POWER TEST LABORATORY PVT. LTD. (NHPTL)
This JV was incorporated along with NHPC, PGCIL and DVC on 22.05.2009
OBJECTIVE To set up an Online High Power Test Laboratory for short circuit testing facility of electrical equipments.
PROMOTERS' EQUITY NTPC: 25%
NHPC: 25%
PGCIL: 25%
DVC: 25%

JVs FOR POWER TRADING &POWER EXCHANGE

NATIONAL POWER EXCHANGE LTD.(NPEX)
This Joint venture Company was incorporated on 11.12.2008 along with NHPC, PFC and TCS
OBJECTIVE To facilitate nation - wide trading of all forms of contract for buying and selling of all forms of electrical energy for clearing and settlement of trade in a transparent, fair and open manner
PROMOTERS' EQUITY NTPC: 16.67%
NHPC :16.67%
PFC: 16.66%
TCS: 19.04%
BSE: 16.66 %
IFCI: 5.72 %
MEENAKSHI: 4.77 %
DPSC: 3.81 %

JVs FOR COAL MINING

NTPC – SCCL GLOBAL VENTURES PRIVATE LTD
The JV Company with Singareni Coalieries Company Limited (SCCL) was incorporated on 31.07.2007
OBJECTIVE To jointly undertake Development and O & M of Coal Blocks(s) and Integrated Coal based Power Projects in India and overseas.
Promoters’ EQUITY NTPC - 50 %
SCCL – 50 %
INTERNATIONAL COAL VENTURES PVT. LIMITED (ICVL)
The JV Company was incorporated on 20.05.2009
OBJECTIVE For procurement of metallurgical coking coal and thermal coal from overseas & acquisition of coal assets abroad
PROMOTERS' EQUITY NTPC: 14.28%
NMDC: 14.28%
RINL: 14.28%
CIL: 28.58%
SAIL: 28.58%

JVs FOR MANUFACTURING & SUPPLY OF EQUIPMENT

NTPC-BHEL POWER PROJECTS PVT.LTD
The Joint Venture Company was incorporated on 28.04.2008 with BHEL
OBJECTIVE To explore, secure and execute EPC contracts for Power plants and other Infrastructure projects in India and abroad.
To engage in manufacturing and supply of equipments for power plants and other infrastructure projects in India and abroad.
Promoters’ EQUITY NTPC: 50%
BHEL : 50%
BF NTPC ENERGY SYSTEM LIMITED.
This JV Company with Bharat Forge Limited (BF) was incorporated on 19.06.2008
OBJECTIVE To provide facilities for manufacturing of castings, forgings, fittings and high Pressure piping, required for Power and other industries, Balance of Plant (BOP) equipment for the power sector etc.
PROMOTERS' EQUITY NTPC: 49%
BF : 51%
NTPC-TELK
The shares of Transformers & Electricals Kerala Ltd. (TELK) was bought by NTPC on 19.12. 2009
OBJECTIVE For Manufacturing and repairs of Transformers
PROMOTERS' EQUITY NTPC: 44.6%
Govt. of Kerala: 54.56%
Public: 0.84%
ENERGY EFFICIENCY SERVICES LTD. (EESL)
This JV was incorporated on 10.12.2009 amongst NTPC, PFC, POWERGRID and REC with equal equity participation.
OBJECTIVE To carry out and promote the business of Energy Efficiency, Energy Conservation and Climate Change including manufacture and supply of energy efficiency services and products.
PROMOTERS' EQUITY NTPC: 25%
PFC: 25%
POWERGRID: 25%
REC: 25%
CIL-NTPC URJA PRIVATE LIMITED (CNUPL)
This JV was incorporated on 27.04.2010 with Coal India Limited (CIL) in New Delhi for incorporation of Joint Venture Company with 50:50 equity participation
OBJECTIVE Development of Brahmini & Chichro Patsimal coal mine blocks for meeting coal requirement of Farakka and Kahalgaon expansion projects of NTPC.
PROMOTERS' EQUITY NTPC: 50%
CIL: 50%
ANUSHAKTI VIDHYUT NIGAM LIMITED (ASHVINI)
This JV was incorporated on 27.01.2011 with Nuclear Power Corporation of India Ltd (NPCIL) for entering into the business of nuclear power generation
OBJECTIVE Setting up of nuclear power projects
PROMOTERS' EQUITY NPCIL: 51%
NTPC: 49%
PAN-ASIAN RENEWABLES PRIVATE LIMITED
This JV was incorporated on 14.10.2011 with the Asian Development Bank and Kyuden International Corporation (Kyushu) to develop renewable energy projects.
OBJECTIVE To develop projects and establish over a period of three years, a portfolio of about 500 MW of renewable power generation in India.
PROMOTERS' EQUITY NTPC: 50%
ABD: 25%
KIC: 25%

INTERNATIONAL JOINT VENTURES

TRINCOMALEE POWER COMPANY LIMITED
This JV was incorporated on 26.09.2011 with the Ceylon Electricity Board, Sri Lanka ( CEB).
OBJECTIVE To set up a 2 X 250 MW coal based power project in the Trincomalee region.
PROMOTERS' EQUITY NTPC: 50%
CEB: 50%
BANGLADESH-INDIA FRIENDSHIP POWER COMPANY PRIVATE LIMITED (BIFPCL)
Bangladesh-India Friendship Power Company (Pvt.) Limited (BIFPCL)...Click here.
This JV was incorporated on 31.10.2012 with the Bangladesh Power Development Board, Bangladesh (BPDB).
OBJECTIVE To develop and operate coal based power projects in Bangladesh.
PROMOTERS' EQUITY NTPC: 50%
BPDB: 50%

JOINT VENTURE FOR FERTILIZERS

HINDUSTAN URVARAK & RASAYAN  LIMITED (HURL)
 
This JV was incorporated on 15.06.2016 with the NTPC - COAL INDIA LIMITED
OBJECTIVE For taking up revival of fertilizer plants of Fertilizer Corporation of India Limited at Sindri, Jharkhand and Gorakhpur, Uttar Pradesh by setting up ammonia urea plant at each location.
PROMOTERS' EQUITY NTPC: 50%
CIL: 50%