New Delhi: Country's largest power generation firm National Thermal Power Corporation Ltd (NTPC) today said its board has approved of Rs 5,459.20 crore for the 500 MW Mauda Thermal Power Project in Maharashtra.
The board has also approved the investment of Rs 597.4 crore to undertake renovation and modernisation works at 645 MW Kawas Gas Power Station in Gujarat, said a statement.
The state-run firm will also make an equity investment in its subsidiary Bhartiya Rail Bijlee Company Ltd up to Rs 1,188.26 crore, which will be equivalent to 74 per cent of equity contribution.
This will enable NTPC to implement the 4X250 MW Nabinagar Thermal Power Project in Bihar, subject to prior proportionate equity contribution by Railways, it added.
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