ONGC inks MoU with NTPC Green Energy Limited

The MoU will primarily explore the feasibility and setting up of Renewable Energy Projects in various domains.

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.

Read Also : Mr Manoj Jain takes charge as Chairman and Managing Director of BEL

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 : RBI invites application for recognition of SRO for NBFCs

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 : RBI cancels the license of The City Co-operative Bank Ltd Mumbai, Maharashtra