The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, has given its approval for installation of Ghatampur Thermal Power Project (GTPC) of 1980 MW (3 X 660 MW) capacity through a Joint Venture Company named ''Neyveli Uttar Pradesh Power (NUPPL)'' formed jointly by Neyveli Lignite Corporation (NLC) and Uttar Pradesh Rajya Vidyut Utpadan Nigam(UPRVUNL).

The project will be implemented at an estimated cost of Rs 172.37 billion including Interest During Construction component of Rs 32.02 billion. The commissioning of Unit I, II and III will be 52 months, 58 months and 64 months respectively from starting date.

The benefits of this generation will be available in the XIII Five Year Plan. The energy generated by the GTPS (about 14000 MU/annum) will mainly be supplied to Uttar Pradesh.

Ministry of Coal had allotted Pachwara South coal block in Jharkhand State for meeting the coal requirement of the GTPS.

Shares of the company gained Rs 0.3, or 0.41%, to settle at  Rs 73.80.  The total volume of shares traded  was  6,054 at the BSE (Wednesday).