DVC JV with Neyveli Lignite

Multipurpose project Damodar Valley Corporation (DVC), now reeling under losses, will hive off its stake in the Raghunathpur thermal plant in Purulia by forming a JV with state-owned Neyveli Lignite Corporation (NLC). For the 2 x 600 MW plant at Raghunathpur, DVC was able to secure PPAs for 550 MW, and NLC, on the other hand, was having PPAs for 650 MW which it secured from a Karnataka power plant that had got delayed. Contact: Damodar Valley Corporation. Website: www.dvcindia.org