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, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.