JNC signs contract to utilize stranded natural gas for electricity generation
JNC Energy Systems, LLC, or JNC, a generator of electricity from stranded and low quality waste or vent gas, has signed a three-year contract with a Dallas-based independent oil and gas exploration and production company, to utilize the stranded natural gas for electricity generation as the construction of a gas pipeline proved to be too costly.
Power generator NTPC Ltd said it has signed three loan agreements of Rs 1,870 crore with domestic banks to part finance its capital expenditure plans.