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NTPC inks pact to acquire three power projects in Bihar

The MoUA memorandum of understanding (MoU) is an agreement between two (bilateral) or more (multilateral) parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used in cases where parties either do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement... envisages transfer of Barauni Thermal Power Station and transfer of the BSPGCL equity in Kanti Bijlee Utpadan Nigam Ltd (KBUNL) and in Nabinagar Power Generating Company, to NTPCNational Thermal Power Corporation Limited, is an Indian Public Sector Undertaking, engaged in the business of generation of electricity and allied activities. It is a company incorporated under the Companies Act 1956 and a "Government Company" within the meaning of the act. The headquarters of the company is situated at New Delhi. NTPC's core business is generation and sale of....
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