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NTPC’s arm signs MoU with HPCL

Date: 04-01-2023

NTPC’s wholly owned subsidiary--NTPC Green Energy (NGEL) has signed a non-binding Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation (HPCL) on January 3, 2023 in New Delhi for Development of Renewable Energy based Power Projects to tap Business opportunities in RE and supply of 400 MW round the clock renewable power for requirements of HPCL.

This MoU marks the first step for NGEL and HPCL to collaborate and cooperate in the field of development of Renewable Energy projects which shall help HPCL in meeting its Clean Energy Commitments.

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.