(1) The Corporation may establish, maintain and operate laboratories, experimental and research stations and farms for conducting experiments and research for--
         (a) utilising the water, electrical energy and other resources in the most economical manner for the development of the Damodar Valley,
         (b) determining the effect of its operations on the flow conditions in the Hooghly river,
         (c) making improvements in navigation conditions in the port of Calcutta, and
         (d) carrying out any other function specified under section 12.
     (2) The Corporation may set up its own planning, designing, construction and operating agencies, or make arrangements therefor with the participating Governments, local authorities, educational and research institutions or any person carrying on the business of an architect, an engineer or a contractor.