NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, recently signed an important Memorandum of Understanding (MoU) Maharashtra government has Rs 80,000 crore. This strategic collaboration aims to advance green hydrogen projects within the state, which closely aligns with the vision outlined in the government’s Green Investment Plan.
Scope of MoU
The MOU includes a comprehensive plan Develop green hydrogen projects and their derivatives, such as green ammonia and green methanol. With a potential investment of Rs 80,000 crore, the agreement also includes setting up of pumped hydro projects and development of renewable energy (RE) projects, further strengthening Maharashtra’s commitment to sustainable energy solutions.
The historic exchange of the MoU took place in Mumbai, in the presence of key stakeholders from both NGEL and the Government of Maharashtra. Notable dignitaries including the Chief Minister and Deputy Chief Minister signed the agreement underscoring the importance of this partnership in advancing the state’s renewable energy agenda.
Introduction to NTPC Renewable Energy Limited (NTPCREL)
Established on October 7, 2020NTPC Renewable Energy Limited (NTPCREL) operates as a wholly owned subsidiary of NTPC Limited, India’s largest power utility. The primary objective of NTCREL is to accelerate the company’s renewable energy expansion and enhance its green footprint nationally, offshore and internationally.
Strategic Initiatives of NTCREL
NTCREL is actively running significant solar, wind and hybrid projects across India. This too Leading the development of gigawatt scale renewable energy parks and projects in various states under the UMREPP (Ultra Mega Renewable Energy Power Park) scheme of the Government of India. Additionally, NTCREL is engaged in pursuing green hydrogen-based mobility and ESG projects.
NGEL, as a leading player in the green energy sector, brings unrivaled expertise and experience. With an operational capacity of over 3.4 GW and a strong pipeline of projects Total 26 GW including 7 GW currently under implementation, NGEL is set to bring a transformational change in the energy landscape of Maharashtra.
Leader in sustainable development
The MoU between NGEN and the Government of Maharashtra represents a landmark initiative in promoting green hydrogen infrastructure and renewable energy development. This partnership with a substantial investment commitment of Rs 80,000 crore It sets a bold example for sustainable development and environmental management in MaharashtraUshering in a new era of clean energy innovation and progress.
Important questions related to exam
1. What is the total investment commitment in the MoU between NTPC Green Energy Limited (NGEL) and Government of Maharashtra?
2. NGEL is a subsidiary of which company?
3. The MoU is in line with the green investment plan of which state government?
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