India's NTPC to form JV for Bangladesh power project
NEW DELHI |
NEW DELHI Aug 30 (Reuters) - Indian state-run utility NTPC Ltd (NTPC.BO) on Monday signed a preliminary agreement with Bangladesh Power Development Board (BPDB) for developing the power sector in the neighbouring country.
NTPC may consider setting up a 1,320 megawatts coal-based power plant in Bangladesh in a joint venture with BPDB, subject to techno-economic viability, the Indian utility said in a statement. (Reporting by Nidhi Verma)
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