NLC India Limited (NLCIL) and GRIDCO Limited inked a Power Purchase Agreement (PPA) in Bhubaneswar for 400MW in Stage-1 and 400MW in Stage-2 of NLCIL's projected Neyveli Talabira Super Critical Thermal Power Station (NTTPP) in Odisha.

With this deal, NLCIL has committed its entire 2400 MW capacity of the Neyveli Talabira Super Critical Thermal Power Station Stage-1.

The Power Purchase Agreement was signed by M Venkatachalam, Director/Power, NLC India Limited and Umakanta Sahoo, Director (T&BD), GRIDCO Limited in the presence of M Prasanna Kumar Motupalli, Chairman & Managing Director (CMD), NLC India Ltd and Trilochan Panda, Managing Director, GRIDCO Limited and Gagan Bihari Swain, Director (F&CA), GRIDCO Limited.

NLCIL has already signed a similar agreement in the past with Tamil Nadu, Kerala and Pondicherry for 1,500 MW, 400 MW, and 100 MW power supply respectively from Neyveli Talabira Super Critical Thermal Power station Stage-I and in the second phase of 1x800 MW capacity of NTTPP, 400MW is tied up now with GRIDCO Odisha.