Raipur, July 12 - India's largest power producer NTPC, formerly National Thermal Power Corp, Sunday signed an agreement with the Chhattisgarh government for setting up a 4,000 MW coal-fired power plant on an investment of Rs.20,000 crore.

Power Minister Sushilkumar Shinde, who was present during signing of the pact, said the plant would be set up in the coal-rich Raigarh district.

The project, which would need 30,000 hectares of land, will have five 800 MW units.

'Fifty percent of the power produced will go to the state government as per the condition laid by Chief Minister Raman Singh,' Shinde said.

NTPC signed two other pacts for setting up an Indian Institute of Information Technology (IIIT) campus and an Industrial Training Institute (ITI) in the state.