| | | | Updates | 10/17/2011 3:58:50 PM | | | | With reference to the earlier announcement dated November 24, 2010 about the signing of Joint Venture Agreement, National Thermal Power Corporation Ltd has now informed BSE that a Joint Venture Company under the name 'Pan-Asian Renewables Private Ltd' has been incorporated on October 14, 2011 amongst NTPC Ltd. (NTPC), Asian Development Bank (ADB) and Kyuden International Corporation, a wholly owned subsidiary of Kyushu Electric Power Company Inc. (Kyushu) NTPC, ADB and Kyushu shall initially contribute in the ratio of 50:25:25 In the equity share capital of the Company.
The Company has been incorporated to develop renewable energy projects and initially establish over a period of three years a portfolio of about 500 MW of Renewable Power Generation resources in India. | |
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