Assam Power Project Development Company Limited is a Joint Venture Company incorporated under Companies Act 1956, through a Memorandum of Agreement entered between the Government of Assam (GoA) and Infrastructure Leasing and Financial Services Limited (IL&FS). As per the terms of Memorandum of Agreement, IL&FS along with the GoA is to facilitate setting up of appropriate Power Projects in Assam so as to improve the generation capacity of Assam State. The main benefit which is achieved through such partnerships is to introduce Private Public Partnership in the field of power generation in Assam.