ONGC inks MoU with NTPC Green Energy Limited

New Delhi: Oil and Natural Gas Corporation (ONGC) inked a Memorandum of Understanding (MoU) with NTPC Green Energy Limited (NGEL) to realize its Renewable energy objectives towards energy transition on 27 September 2023. The MoU will primarily explore the feasibility and setting up of Renewable Energy Projects in various domains.

Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel

Read Also : NMDC Appoints G. Anupama as Whole-Time CFO Effective July 2025

The MoU was signed by ONGC Executive Director Debdulal Adhikari (left) and CEO (NGEL) Mohit Bhargava in the presence of ONGC Chairman & CEO Arun Kumar Singh and NTPC Limited Chairman and Managing Director & CEO Gurdeep Singh.

Read Also : US Economy Beats Forecasts with 147,000 New Jobs in June, Dimming Hopes of Rate Cuts

The MoU envisages collaboration of the two mega entities in Renewable Power Projects in India and Overseas through offshore wind projects and exploring opportunities in the Storage, E-mobility, Carbon Credits and Green Credits, Nuclear, Green Hydrogen business and its derivatives (Green Ammonia and Green Methanol).

Read Also : Bank of Baroda Global Deposits surge by 9.13 pc as of 30th Jun