The memorandum of understanding (MOU) was signed between NTPC, Bihar State Power Generation Company Ltd (BSPGCL) and Lakhisarai Bijlee Company Private Ltd (LBCPL), Business Standard reports.
As part of the agreement, NTPC will build a 1,320MW Kajra thermal power plant in Lakhisarai district of Bihar, which will have two units of 660MW each.
The project is proposed to be implemented through a joint venture, in which NTPC would have 74% stake, while the rest would be held by BSPGCL.
NTPC currently has an installed power generation capacity of more than 42,000MW.
