NTPC Signs JV Agreement for Renewable Energy

•  NTPC Limited (NTPC), Asian Development Bank (ADB) and Kyuden International Corporation (Kyushu) signed a Joint Venture Agreement today to form a JV Company (JVC) in NCT of Delhi, to develop projects and establish over a period of three years, a portfolio of about 500 MW of Renewable Power Generation in India.
• JVC shall presently develop wind power and small hydroelectric power projects and in future may also develop other renewable power generation resources. The JVC may develop projects outside India in Developing Member Countries only as well. 
• NTPC, ADB and Kyushu shall contribute in the ratio of 50:25:25 in the equity share capital of the Company. The initial authorised share capital of the Company would be Rs. 6.5 crore and the paid-up share capital would be Rs. 1 crore.