NTPC Green Energy Limited (NGEL) has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan on to establish 25 GW of renewable energy projects in the state. NGEL is a wholly owned subsidiary of NTPC Limited. The MoU was signed during the Rising Rajasthan Investor Meet in New Delhi.
In September 2024, NGEL entered into a Joint Venture Agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT). The JV company will be responsible for development of 10 GW of Renewable Energy Parks and Projects in Maharashtra or in various other states of India. In The same month, NGEL and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) formed a joint venture (JV) to fulfil the green hydrogen and renewable energy objectives of NTPC. The JV is expected to develop renewable energy projects of 25 GW and green hydrogen developments and its derivatives of 1 million metric tonne per annum (MMTPA) in Rajasthan.
