State-run NTPC's consultancy wing has bagged a contract for providing services to Trincomalee Power Company Ltd for setting up 2x250 MW Coal Based Power Project at Trincomalee, in Sri Lanka.
Contract Agreement between NTPC and Trincomalee Power Company was signed at Colombo on March 13, 2014 in Sri Lanka, NTPC said in a statement.
The Contract Agreement was signed by Atul Srivastava, MD M C Wickramasekara, Director, Trincomalee Power Company and P K Bondriya, General Manager, NTPC, at Ceylon Electricity Board head office in Colombo.
India and Sri Lanka have signed pacts for a 500 MW thermal power project to be jointly developed by NTPC with Ceylon Electricity Board in Sri Lanka.
The Sri Lanka project, to be fired with imported coal, would be developed by Trincomalee Power Company-an equal joint venture between NTPC and Ceylon Electricity Board.
NTPC, country's largest thermal power generation firm, has a present installed capacity of 42,964 MW.
The consultancy wing of the company undertakes all the consultancy and turnkey project contracts for domestic and international clients in the different phases of power plants.
Shares of the company closed at Rs 117 apiece, up 0.73 per cent on the BSE.