NTPC approves investment in two power projects

NTPC Ltd. said Thursday its board has approved a total investment plan of 183.46 billion rupees ($3.4bn) for two power projects in central and southern India.

The board of the country’s largest power producer Wednesday cleared the proposal for a 2400 MW project in southern Karnataka state and a 500 MW expansion proposal for a plant in central Madhya Pradesh state, it said in a filing to the Bombay Stock Exchange.

The state-run company, with a total generation capacity to 36.01 GW, already has a 3260 MW capacity operational at the central India plant while the southern India plant will be a new one.

Both the projects are subject to environment clearance.

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