Latest News | NGEL, HPCL Partner to Develop Green Energy Projects

New Delhi, Jan 4 (PTI) NTPC Green Energy Ltd (NGEL) has signed an agreement with Hindustan Petroleum Corporation Ltd (HPCL) for the development of renewable energy-based power projects.

Under the agreement, NTPC said its renewable energy arm -- NGEL -- will also supply 400 MW round-the-clock to HPCL.

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"NGEL and HPCL signed a non-binding Memorandum of Understanding (MoU) on for development of renewable energy based power projects to tap business opportunities in RE (sector) and supply of 400 MW round the clock renewable power for requirements of HPCL," NTPC said in a statement.

The MoU was signed in the national capital on Tuesday in the presence of NTPC CMD Gurdeep Singh and Shuvendu Gupta, Executive Director - Bio Fuels & Renewables, HPCL, and other senior officials of both the companies.

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(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)