Mumbai, Aug 25 (PTI) Energy solutions provider Greenko Energies on Tuesday said it has entered into an agreement with NTPC to explore energy storage and renewable energy power supply solutions.

Also Read | Realme Youth Days Sale 2020: Big Discounts on Realme Smartphones, Realme Buds & Accessories.

The company has signed a memorandum of understanding with NTPC Vidyut Vyapar Nigam, a wholly-owned subsidiary of NTPC.

Also Read | Punjab Govt Extends Validity of Driving Licences, Registration Certificates and Permits Till December 31, 2020 in View of COVID-19 Pandemic.

The objective of the partnership is to explore the possibility of development of renewable energy based round-the-clock, flexible and dispatchable power supply offering based on integration of RE sources and pumped storage projects.

"The value proposition of the potential offering will be to meet the evolving bespoke requirements of discoms and other power consumers in India in real-time," Greenko said in a statement.

Backed by GIC and Abu Dhabi Investment Authority, Greenko has a total asset base of 6.4 GW including operational and near-term portfolio.

Greenko is also developing and building over 40 GWh of pumped hydro storage projects across six states in India.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)