National Thermal Power Corporation (NTPC) and the government of Jharkhand has signed an MOU(Memorandum of Understanding) on Sunday for a 4,000 MW capacity expansion of the Patratu Thermal Power Station in Ramgarh district through forming a joint venture company.

In Ranchi, in the presence of union Power Minister Piyush Goyal and Jharkhand Chief Minister Raghubar  Das, the MOU was signed.

The official name of the proposed venture is Patratu Vidyut Utpadan Nigam, according to the Jharkhand government.

“Jharkhand will become self-sufficient in power sector in next five years. The ‘Make in India’ programme would not be successful without Jharkhand. Jharkhand will emerge as prosperous state in the next ten years,” Chief Minister Raghubar Das said.