In a significant stride towards enhancing Rajasthan’s energy landscape, National Thermal Power Corporation (NTPC) and NGEL have inked non-binding Memorandums of Understanding (MoUs) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL). The agreements, signed on March 10, 2024, at the Chief Minister’s Office in Jaipur, signify a commitment to bolstering the state’s energy infrastructure and advancing sustainable solutions.
The MoU between NTPC and RVUNL marks a pivotal step towards augmenting the existing Chhabra Thermal Power Plant. Under this collaboration, the parties will explore the integration of supercritical units and implement measures aimed at enhancing efficiency and curbing generation costs of the plant’s current units. Additionally, NTPC or its affiliates will undertake the 15 to 20-year annuity-based Renovation and Modernization (R&M) of older thermal units owned by RVUNL. The MoU was signed by R Sarangapani, Executive Director of Business Development, IBD & Consultancy at NTPC, and Devender Shringi, Chairman and Managing Director of RVUNL.
In parallel, NGEL has entered into a MoU with RVUNL, underscoring a commitment to renewable energy projects and the development of green hydrogen derivatives in Rajasthan. The collaboration aims to establish renewable energy projects with a capacity of up to 25 GW and produce 1 million tons of green hydrogen derivatives. Rajiv Gupta, Chief Executive Officer of NGEL, and Devender Shringi, Chairman and Managing Director of RVUNL, sealed the agreement.
The ceremonial signing took place in the esteemed presence of Bhajan Lal Sharma, Chief Minister of Rajasthan, along with dignitaries including RK Singh, Minister of Power and New and Renewable Energy, and Pralhad Joshi, Minister of Coal & Mines, both virtually connected. Diya Kumari, Deputy Chief Minister of Rajasthan, and Heeralal Nagar, Minister of State for the Energy Department of Rajasthan, graced the occasion, emphasizing the government’s support for such transformative collaborations. Amrit Lal Meena, Secretary of Coal, Government of India, and Sudhansh Panth, Chief Secretary of Rajasthan, also lent their presence to the event.
Representing NTPC Ltd., Gurdeep Singh, Chairman and Managing Director, along with DK Patel, Director (HR), Vivek Gupta, Independent Director, and other senior officials, were present to commemorate the occasion, reaffirming NTPC’s commitment to sustainable energy solutions and collaborative partnerships.
These MoUs underscore a collective endeavour towards a greener, more sustainable future for Rajasthan, aligning with the state and national goals for energy security and environmental stewardship.
