NTPC Limited announced that the company has signed Supplementary Joint Venture Agreement (SJVA), Amendment-II, with U.P. Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) on 1st April 2024. This SJVA Amendment Number-II shall form an integral part of the Joint Venture Agreement (JVA) dated 28th February 2008 and SJVA Amendment Number-I dated 13th September 2023, and shall constitute the entire agreement between NTPC and UPRVUNL in relation to the subject matter. Nature of the agreement: Signing of Supplementary Joint venture Agreement Amendment-II in order to amend Joint Venture Agreement dated 28th February, 2008 and Supplementary Joint Venture Agreement Amendment Number-I dated 13th September, 2023 in respect of formation of a joint venture company Meja Urja Nigam Private Limited between NTPC and UPRVUNL.

Key amendments are as under- The SJVA Amendment-II has been signed to provide existing UPRVUNL land to the Joint Venture Company, MUNPL, for the Obra-D(2X800 MW) and Anpara-E (2X800 MW) Projects on a lease basis at a nominal rate of INR 1.00 per acre per year, aiming to reduce power tariffs.