NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, and ONGC Green Limited (OGL), a subsidiary of Oil and Natural Gas Corporation (ONGC) Limited, have formally incorporated a 50:50 joint venture company named ONGC NTPC Green Private Limited (ONGPL) from the Ministry of Corporate Affairs.
The Joint Venture (JV) has been formed to set up and develop renewable energy projects and assets in India and abroad through greenfield development and acquisitions. Additionally, ONGPL will explore the feasibility of offshore wind projects within India, advancing the renewable energy ambitions of both parent companies.
In September 2023, NGEL and ONGC signed an MoU to collaborate on developing and establishing clean energy projects as part of ONGC’s energy transition goals.
