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NTPC’s arm signs JV agreement for development of Renewable Power Parks in Uttar Pradesh

05 Mar 2024 Evaluate

NTPC’s wholly owned subsidiary -- NTPC Green Energy (NGEL) has signed a Joint venture (JV) agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL) on March 04, 2024 for development of Renewable Power Parks and Projects in Uttar Pradesh. The RE power generated from the proposed JVC shall meet the Renewable Generation Obligation (RGO) of the UPRVUNL.

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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