National Thermal Power Corporation Limited (NTPC) signed an MoU with Indian Oil Corporation Limited (IOCL) to collaborate in the field of Renewable Energy and mutually explore opportunities for the supply of low carbon/RE RTC (round the clock) captive power. This is a first-of-its-kind novel initiative by two leading national energy majors of India, to support the country’s commitment to achieving renewable energy targets and reduce greenhouse gas emissions. This comes in the backdrop of Indian Oil announcing its plan to build the country’s first green hydrogen plant at its Mathura refinery.
Important takeaways for all competitive exams:
- NTPC Limited Founded: 1975;
- NTPC Limited Headquarters: New Delhi, India;
- NTPC Limited Chairman & MD: Gurdeep Singh.