NTPC Signed MOU with Tecnimont Private Limited
NTPC signed a non-binding Memorandum of Understanding (MoU) with Tecnimont Private Limited, the Indian subsidiary of Maire Tecnimont Group, Italy. NTPC is India’s largest power generation company. The objective of the MoU is to jointly evaluate and explore the possibility to develop a commercial-scale Green Methanol production facility at the NTPC project in India.
Objectives of MoU Signed by NTPC and Tecnimont Private Limited
The Green Methanol Project involves capturing carbon from NTPC power plants and converting it into green fuel. Green Methanol has a wide range of applications including serving as a base material for the Chemical industry, storing renewable electricity, and transportation fuel.
NTPC formerly known as National Thermal Power Corporation Limited is an Indian government electricity board engaged in the business of generation of electricity and allied activities. The company is incorporated under the Companies Act 1956 and is under the ownership of the Ministry of Power.
About Tecnimont Private Limited
Tecnimont Private Limited is a private incorporated on 9th July 1958. Directors of Tecnimont Private Limited are Thiyagarajan Bhupalasundaram, Ramnath Nilkantha, Gianni Bardazzi, Sathiamoorthy Gopalsamy, and Enrico Rolandelli.