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The proposed projects would be implemented in three phases to be completed by 2011. Telk is a Joint Venture Company of Govt of Kerala and NTPC Ltd. NTPC had picked up 44.6 per cent stake in Telk when the two companies had a formal tie up in June 2007 for Rs 31.34 crore. The chairman of the new joint venture would be nominated by the Kerala government while the managing director would be an NTPC nominee.