New Delhi: NTPC and ONGC have collaborated to establish a joint venture company (JVC) through their green energy subsidiaries, NTPC Green Energy Ltd. (NGEL) and ONGC Green Energy Ltd. (OGL)
The JVC will explore opportunities in the areas of Renewable Energy (RE) and New Energy including Solar, Wind (Onshore/Offshore), Energy Storage (Pump/Battery), Green molecule (Green Hydrogen, Green Ammonia, Sustainable Aviation Fuel (SAF), Green Methanol), E-mobility, Carbon Credits, Green Credits, etc. Along with considering participation in upcoming offshore wind tenders in Tamil Nadu and Gujarat, it would also seek to buy renewable energy assets.
The collaboration between OGL and NGEL represents efforts to bolster sustainable energy projects, which are in line with the country’s goal for a more environmentally friendly future. Both organizations are expected to make a substantial contribution to India’s renewable energy sector by promoting innovation and environmental stewardship.
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