Categories: Agreements

IOCL and NTPC tied up to collaborate in Renewable Energy

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.

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NTPC Limited Founded: 1975;
NTPC Limited Headquarters: New Delhi, India;
NTPC Limited Chairman & MD: Gurdeep Singh.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.