National Thermal Power Corporation Ltd (NTPC) has informed that the Board of Directors of the Company at its meeting held on November 26, 2007, has transacted the following:
1. Given the investment approval for Mauda Thermal Power Project (2 X 500 MW) in the State of Maharashtra at an appraised estimated cost of Rs 54,592.79 million.
2. Given the investment approval to undertake Renovation and Modernisation works at Kawas Gas Power Station (645 MW) in the State of Gujarat at an estimated cost of Rs 5974.90 million.
3. Approved the Companys equity investment in Bhartiya Rail Bijlee Company Ltd (a subsidiary of the Company) upto Rs 11882.60 million (equivalent to 74% of equity contribution) to enable it to implement 4X250 MW Nabinagar Thermal Power Project in the State of Bihar, subject to prior proportionate equity contribution by Railways.
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