NTPC on 22 February 2014 signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL) and Lakhisarai Bijlee Company Private Limited (LBCPL) to develop a 1320 MW (2 X 660 MW) Thermal Power Project at Kajra in Lakhisarai district of Bihar. 9200 crore rupees will be invested on development of the project thaqt will gave two units of 660 MW each.
The MoU between the three institutions was signed at Patna in Bihar in presence of Nitish Kumar, the Chief Minister of Bihar and Arup Roy Chaudhary, the CMD of NTPC and Energy Minister of Bihar.
As per the MoU signed between the three institutions, the project will be developed through a joint venture in which 74 percent stake will rest with NTPC and the rest with BSPGCL.
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