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NTPC signs supplementary JVA-3 with NHPC, POWERGRID, DVC & CPRI
Apr-24-2024

NTPC has signed a Supplementary Joint Venture Agreement-3 with NHPC, POWERGRID, DVC & CPRI on April 23, 2024. This Supplementary Joint Venture Agreement (SJVA) will amend Joint Venture Agreement (JVA) of National High Power Test Laboratory (NHPTL) dated April 8, 2009 and form integral part of JVA dated April 8, 2009. 

Following are the amendments: the revised equity holding of POWERGRID in NHPTL shall be 50%, remaining 50% percent of equity shall be held equally by the other four Parties (i.e., 12.5% each of NTPC, NHPC, DVC & CPRI). Before signing of SJVA-3, equity holding of each promoter was 20%. NHPTL Board Composition to be revised to two Directors (Including Chairman, NHPTL) from POWERGRID and one nominee Director by other Promoters on rotation basis.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.


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