State-owned generation utility, National Thermal Power Corporation Ltd (NTPC) has signed a Memorandum of Understanding (MOU) with Secretary (Power), Government of India for generating 209 crore units of Electricity during the financial year 2008-09.

In addition, the MOU includes targets of important milestones relating to Project completion schedule of ongoing power projects, coal mining activities, Total Quality Management, Human Resources Development and Business Development Activities.

Yesterday, NTPC and Hyderabad-based, National Geo-physical Research Institute (NGRI), have signed an MOU for cooperating and sharing knowledge to identify potential sites for Gee-thermal based power projects in India.

The scrip of the company slipped 1 per cent to Rs 195 at the close of Tuesday's trading session with lower trading volumes on BSE. Stock Markets closed flat on Tuesday after a significant fall on Monday.