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Power Fin in pact with 3 state-run cos for equal JV

Thu Nov 19, 2009 3:40pm IST
 
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MUMBAI (Reuters) - Power Finance Corp Ltd said on Thursday it has signed a pact with NTPC Ltd, Power Grid Corp of India and Rural Electrification Corp Ltd to set up a joint venture company.

The JV, in which each partner will hold 25 percent, will promote energy efficiency, conservation and climate change, it said in a statement.

(Reporting by Nandita Bose; Editing by Sunil Nair)

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