NTPC and NGEL signed a non-binding Memorandum of Understanding with RUVNL in Jaipur

NGEL inks MoU with RVUNL for the development of renewable energy and Green Hydrogen projects. Meanwhile, NTPC signed an agreement with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) to add supercritical units and reduce the electricity generation cost of the Chhabra Thermal Power Plant.

The MoU between NTPC and RVUNL is to explore opportunities for adding supercritical units to the existing Chhabra Thermal Power Plant. Additionally, the parties aim to implement measures to enhance efficiency and reduce the power generation cost of the plant's existing units.

The MoU also includes the undertaking of 15-year to 20-year annuity-based Renovation and Modernization (R&M) of old thermal units of RVUNL, by NTPC or its affiliates.

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The MoU was signed by the Executive Director, BD, IBD & Consultancy, NTPC, Shri R Sarangapani, and Chairman and Managing Director, RVUNL, Shri Devender Shringi.

The MoU between NTPC’s renewable energy arm NGEL and RVUNL is for the development of Renewable Energy Projects up to 25 GW capacity and Green Hydrogen Derivatives up to 1 million Tons capacity, both in the state of Rajasthan.

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NTPC Limited is India’s largest integrated power utility with more than 75 GW installed capacity, contributing 25% of India’s total electricity demand. By the year 2032, NTPC is looking to expand its non-fossil-based capacity to 45%-50% of the company’s total portfolio of 130 GW, with 60 GW of renewable energy capacity.

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