Categories: Agreements

NGEL and HPCL Signed MoU to Develop Green Energy Projects

NTPC Green Energy Ltd (NGEL) signed an agreement with Hindustan Petroleum Corporation Ltd (HPCL) for the development of renewable energy-based power projects. According to the agreement, NTPC informed that its renewable energy arm ‘NGEL’ will also supply 400MW round the clock to HPCL. The MoU has signed the development of renewable energy-based power to tap business opportunities in RE.

The MoU was signed in the presence of NTPC CMD Gurdeep Singh and Shuvendu Gupta, Executive Director, Bio Fuels & Renewable, HPCL, and other senior members.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

NGEL and HPCL Signed MoU to Develop Green Energy Projects- Key Points

  • The agreement between Hindustan Petroleum Corporation Ltd and NTPC Green Energy Ltd was signed on 3rd January 2023, in New Delhi.
  • Under the agreement NGEL which is a subsidiary of NTPC will supply 400 MW of renewable power to the HPCL.
  • The MoU between NTPC and HPCL marks the first step to collaborate and cooperate in the field of development of Renewable Energy Projects which shall help HPCL in meeting its clean energy Commitments.

Adda247 Yearbook 2022 Download PDF

About Hindustan Petroleum Corporation Ltd

Hindustan Petroleum Corporation Ltd (HPCL) is an Indian Oil and Gas refining company. Since 2018, ONGC has owned a majority stake in the company. The company is ranked 367th on the Fortune Global 500 list of the World’s biggest corporations as of 2016. On 24th October 2019, the company became a Maharatna PSU.

About National Thermal Power Corporation Ltd

NTPC Limited formerly known as National Thermal Power Corporation Limited is an Indian Central public sector undertaking under the ownership of the Ministry of Power, Government of India which is engaged in the generation of electricity and allied activities. NTPC’s core function is the generation and distribution of electricity to State Electricity Boards in India.

Find More News Related to Agreements

 

 

Recent Posts

Top-10 Glowing Plants in the World, Know the Names

Nature has many hidden wonders, and one of the most fascinating is the glow of…

13 hours ago

Daily Current Affairs 22nd September, 2025, Important News Headlines (Daily GK Update)

National News PM Modi Launches Next-Generation GST Reforms: A New Era of Savings and Self-Reliance…

13 hours ago

Which Indian State is Known as the Land of Temples?

India is often called the land of spirituality because it is home to countless temples…

14 hours ago

US Senators Introduce India Shrimp Tariff Act To Protect Seafood Industry

US Senators Bill Cassidy (Louisiana) and Cindy Hyde-Smith (Mississippi) introduced the India Shrimp Tariff Act…

16 hours ago

Sydney McLaughlin-Levrone Runs Fastest 400m in 40 Years

American track sensation Sydney McLaughlin-Levrone created history by running the fastest women’s 400 metres in…

17 hours ago

Which Indian Village is Famous for the Temple of Floating Stones?

India is home to many unique places that hold deep cultural, historical, and mythological significance.…

17 hours ago