An MOU for setting up a Joint Venture Company ( JVC) towards undertaking the First Demonstration Offshore Wind Power Project in the country along the Gujarat coast has been signed here today in the presence of Shri Piyush Goyal , Union Minister of State (I/C), Power, Coal and New & Renewable Energy . The MoU was signed by Ministry of New and Renewable Energy (MNRE), National Institute of Wind Energy (NIWE), and Consortium of partners consisting of National Thermal Power Corporation (NTPC), Power Grid Corporation of India Ltd (PGCIL), Indian Renewable Energy Development Agency (IREDA), Power Finance Corporation (PFC), Power Trading Corporation (PTC), and Gujarat Power Corporation Ltd (GPCL).