MOA between NTPC & Govt. of Jharkhand for Patratu Power Station
03rd May, 2015
Signing of Memorandum of Agreement (MoA) between NTPC, Govt. of Jharkhand for Performance Improvement and Capacity Expansion of Patratu Thermal Power Station (PTPS)
A Historic Memorandum of Agreement (MoA) has been signed between Govt. of Jharkhand, with Government of India"s NTPC Ltd today May 03, 2015 for taking up Patratu Thermal Power Station (PTPS) through a Joint Venture Company to be promoted by NTPC and Jharkhand Bidyut Vitaran Nigam Ltd. (JBVNL) with 74:26 equity participation. This will be a great step towards
a) Performance improvement of existing station from 15% PLF to 82 % to give more power to Jharkhand immediately
b) Build an efficient Super Critical project of 4000 MW in 2 phases
c) Provide cheap and affordable 24X7 power supply to every household and adequate power for farmers in Jharkhand
d)Enable rapid industrialization which will provide massive employment to youth of Jharkhand in new industry.
e) Govt. of Jharkhand will become a partner in this project without investing any additional capital.
The JV company will give employment to all the employees working in this old station and will increase earning opportunities to many service providers to this important project of the size of a UMPP.
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