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NTPC’s arm inks agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam

01 Jun 2023 Evaluate

NTPC’s wholly owned subsidiary -- NTPC Green Energy (NGEL) has signed an agreement with the Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL) for the development of renewable energy parks in the state.

As part of the agreement, the companies will set up ground-mounted and floating solar projects in Rihand reservoir and other water bodies and land area and develop renewable energy parks and projects wherever land is made available. The companies will also develop solar PV project dedicated for solarization of Ayodhya city.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.


Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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