NTPC Green Energy Limited (NGEL) and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) have inked a Memorandum of Understanding (MoU) aimed at developing Renewable Energy Power Parks and Projects.
The MoU, signed at NTPC Corporate Office, New Delhi, underscores the commitment of both entities towards achieving green energy objectives. Shri Rajiv Gupta, Chief Executive Officer, NGEL, and Shri Amol Shinde, Chairman and Managing Director, MAHAPREIT, formalized the agreement in the presence of Shri Jaikumar Srinivasan, Director (Fin & HR), NTPC, and other senior officials.
The collaboration between NGEL and MAHAPREIT is slated to focus on the development of grid-connected Renewable Energy Parks and Projects, including Solar, Wind, Hybrid, and related solutions, with a capacity of up to 10 GW in the state of Maharashtra.
NTPC established NGEL, a fully owned subsidiary, which will spearhead Renewable Energy Parks and Projects, including ventures in Green Hydrogen, Energy Storage Technologies, and Round the Clock RE Power.
MAHAPREIT, a wholly-owned subsidiary of Mahatma Phule Backward Class Development Corporation (MPBCDC), a State Public Sector Undertaking under the Government of Maharashtra.
