What is in news : National Thermal Power Corporation (NTPC) Limited has invited Expression of Interest (EOI) for sale of fly ash, in its endeavour to achieve 100% utilization of fly ash, from the designated plants of the Middle East and other regions

What is Fly Ash :

• It is called fly ash because it is transported from the combustion chamber by exhaust gases.
• It is collected from the exhaust gases by electrostatic precipitators or bag filters

What is expression of Interest : An Expression of Interest (EOI) is one of the initial transaction documents. The EOI indicates a serious interest from the buyer that their company would be interested to pay a certain valuation and acquire the seller’s company through a formal offer.

NTPC

• NTPC Ltd. is a central Public Sector Undertaking (PSU) under the Ministry of Power.
• Aim: To provide reliable power and related solutions in an economical, efficient and environment-friendly manner, driven by innovation and agility.
• It became a Maharatna company in May 2010.
• India’s largest power generating company.