NTPC Restricted together with its subsidiary NTPC Inexperienced Power Ltd (NGEL) has signed a number of MoUs with the Govt. of Madhya Pradesh in the course of the International Traders Summit, being held at Bhopal on Twenty fourth-Twenty fifth February 2025. It contains renewable tasks based mostly on Photo voltaic, Wind, Pump Hydro and different carbon impartial power sources within the state of Madhya Pradesh.
The primary MoU was signed between NGEL and Madhya Pradesh Energy Producing Firm Restricted (MPPGCL) for organising Renewable Power tasks as much as 20 GW or extra within the state, at an approximate funding of Rs. 1,20,000 Crore. This has paved the way in which for formation of a Joint Enterprise Firm (JVC), which can assist in mitigating the Renewable Era Obligation (RGO) of Madhya Pradesh Producing Firm in addition to Renewable Buy Obligation (RPO) of Madhya Pradesh DISCOMs.
The second MOU was signed between NTPC Ltd. & Govt. of MP for different sustainable non-fossil gas energy vegetation at an estimated funding of Rs. 80,000 Crores. Madhya Pradesh Energy Administration Firm Restricted (MPPMCL), has signed this MOU on behalf of the state Govt. An settlement was additionally signed between Govt. of MP & NTPC, pertaining to an intent to speculate roughly Rs 4,000 Crores in organising 800 MW of Pumped Hydro Storage Challenge within the state.
The MoUs had been signed within the presence of the Dr Mohan Yadav, Chief Minister of MP and Gurdeep Singh, CMD, NTPC Ltd. together with different senior officers of Govt of MP & NTPC Ltd and can play a major function in selling sustainable power options whereas strengthening GOI’s efforts in the direction of power transition and Web Zero targets.
NTPC Ltd. is India’s largest built-in energy utility, contributing one-fourth of the India’s energy necessities and has an put in capability of over 77 GW, with a further capability of 29.5 GW below building, together with 9.6 GW of renewable power capability. The corporate is dedicated to attaining 60 GW of renewable power capability by 2032. With a various portfolio of thermal, hydro, photo voltaic, and wind energy vegetation, NTPC is devoted to delivering dependable, reasonably priced, and sustainable electrical energy to the nation. The corporate is dedicated to adopting greatest practices, fostering innovation, and embracing clear power applied sciences for a greener future.
