Tata Power Company (TPCL), India's largest private sector utility power provider, has signed an agreement with State-run electricity major Damodar Valley Corporation
(DVC), to jointly explore options for capacity expansion, coal mining and establishing a research and development (R&D) facility.

Both firms also plan to increase the capacity of Maithon Power Limited (MPL) by over two-fold.

MPL is a joint venture between Tata Power and DVC, with Tata holding 76% stake.

Under the pact, Tata Power and DVC will perform a detailed feasibility study to expand MPL's generation capacity from 1,050 MW to 2,850-3,150 MW in a phased manner.

Apart from these, the two companies also decided to explore the possibilities for setting up new power plants either through fresh joint ventures or through MPL, apart from exploring non-conventional and renewable energy projects.