In a significant move towards fostering sustainable solutions and contributing to India’s ambitious Net-Zero targets, NTPC Limited, the country’s largest integrated power utility, has entered into a non-binding Memorandum of Understanding (MoU) with Numaligarh Refinery Limited (NRL), a subsidiary of Oil India Ltd. The collaboration aims to explore partnership opportunities in the development of a bamboo-based Bio-Refinery at NTPC Bongaigaon and other environmentally conscious initiatives.
The MoU was formalized in the presence of key dignitaries, including Gurdeep Singh, CMD NTPC, Dr Ranjit Rath, CMD OIL & Chairman NRL, and Bhaskar Jyoti Phukan, MD NRL, underscoring the significance of this strategic partnership.
The primary focus of this collaboration is to bolster their presence in the green chemicals sector and extend their influence into sustainable projects, aligning with the shared commitment to environmental responsibility. By joining forces, NTPC and NRL aspire to be key contributors to the development of the North-East Region, fostering economic growth and ecological well-being.
NTPC, in line with its commitment to achieving 60 GW of Renewable Energy capacity by 2032, is positioning itself as a major player in the Green Hydrogen and Energy Storage domain. The company is actively pursuing various initiatives geared towards decarbonization, including ventures into Green Hydrogen, Biofuels, Carbon Capture, and Hydrogen Mobility.
The proposed bamboo-based Bio-Refinery at NTPC Bongaigaon holds promise as a sustainable and eco-friendly project, emphasizing the utilization of renewable resources. This venture aligns seamlessly with India’s broader push towards green energy and sustainable practices.
Speaking about the collaboration, Gurdeep Singh, CMD NTPC, expressed optimism about the strategic partnership’s potential to drive positive change. “This collaboration signifies our joint commitment to advancing green technologies and contributing to the nation’s vision of achieving Net-Zero targets. NTPC is dedicated to pioneering innovations in renewable energy, and this partnership with NRL is a significant step towards a greener and more sustainable future.”
Dr Ranjit Rath, CMD OIL & Chairman NRL, echoed these sentiments, highlighting the importance of collective efforts in addressing environmental challenges. “By joining hands with NTPC, we are combining our strengths to explore new avenues in green chemicals and sustainable projects. This collaboration aligns with our vision of creating a cleaner and greener future for the North-East Region and the entire nation.”
