bothhavegivenuptofiveyearsforthethermalpowerprojects.Thereasonforthedelayinimplementingtheagreementwasnotdisclosed.BothCoalIndiaandNLCIndiawillhaveanequalownershipstakeintheJVcompany.ThecompaniesintendtousetheJVtofurtherstrengthentheirpresenceinthecountry’spowergenerationsector.NewsagencyPTIquotedCoalIndiaassayinginastatement