Patna, (Bihar Times): The Board of Directors of the National Thermal Power Corporation Ltd (NTPC) at its meeting held on Monday approved investments in three power projects in the country, including one in Bihar.

The Board approved the company’s equity investment in Bhartiya Rail Bijlee Company Ltd (a subsidiary of the Company) upto Rs 11882.60 million (equivalent to 74% of equity contribution) to enable it to implement 4 X 250 MW Nabinagar Thermal Power Project in Bihar,subject to prior proportionate equity contribution by Railways.

Besides, it gave the investment approval for Mauda Thermal Power Project (2 x 500 MW) in of Maharashtra at an appraised estimated cost of Rs 54,592.79 million.

The Board gave the investment approval to undertake renovation and modernization works at Kawas Gas Power Station (645 MW) in Gujarat at an estimated cost of Rs 5974.90 million.