BANGALORE, INDIA--August 18, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--After a fallout with the National Stock Exchange of India (NSE) (Mumbai) and National Commodities and Derivatives Exchange Limited (NCDEX) (Mumbai) in its efforts to set up a power exchange, India's power generation major National Thermal Power Corporation (NTPC) (New Delhi) is now pursuing its initiative with three new partners: National Hydroelectric Power Corporation (Faridabad, Haryana), Power Finance Corporation Limited (BOM:532810) (New Delhi), and Tata Consultancy Services (TCS) (Mumbai). The four companies recently signed a memorandum of understanding to set up a joint venture company to develop an electronic platform for trading power at a national level. The partners are hoping to list the joint venture as a public limited company with an initial authorized capital of $12.5 million.