Ministry of Power (MoP), NTPC and Japan International Cooperation Agency (JICA) have signed an agreement to undertake joint project with technical assistance of JICA experts for `Study on enhancing Efficiency of Operating Thermal Power Plants in NTPC – India` in New Delhi today (November 3).

The agreement is the outcome of discussions under Indo-Japan Energy Dialogue.

The study will be implemented and coordinated by NTPC-Centre for Power Efficiency & Environmental Protection [CENPEEP], which is a group specifically working on `Efficiency Management System` and GHG reduction for power plants in India.

 A `Working Group on Energy Efficiency` was set up under this dialogue, of which NTPC is a member, and extensive discussions were held between NTPC and JICA on technical cooperation in energy efficiency.

The proposed study has two objectives namely to identify areas for efficiency enhancement in selected coal fired power plants of NTPC and to learn relevant skills and technologies from Japanese experience.

The study is scheduled to be completed in two years. The outcome of this study program will also open up further cooperation possibilities between the two countries in this area.

Shares of the NTPC gained Rs 10.65, or 7.58%, to settle at Rs 151.00. The total volume of shares traded was 1,543,285 at the BSE (Monday).