Assam: NTPC & OIL Sign MoU for Strategic Partnership in Green Energy Domain
- Indian Masterminds Bureau
- Published on 1 Feb 2024, 5:29 pm IST
- 1 minute read
Highlights
With this MoU, NTPC aims to augment its pursuit of achieving 60 gigawatts of renewable energy by 2032
- NTPC
India’s largest integrated power authority, the National Thermal Power Corporation (NTPC), entered into a Memorandum of Understanding (MoU) with Numaligarh Refinery Limited (NRL), a subsidiary of Oil India Limited (OIL) to foster new partnership opportunities in the ambitious bamboo-based Bio-Refinery at NTPC Bongaigaon, Assam. It is a phenomenal stride towards attaining India’s Net-Zero targets and emerging as partners in the holistic development of the Seven Sister states in the Northeast.
Via this MoU, NTPC aims to augment its pursuit of achieving 60 gigawatts of renewable energy by 2032, and it is one of the several initiatives like Hydrogen Mobility, Green Hydrogen, Biofuels, and Carbon Capture taken up by the NTPC toward de-carbonisation. It is only a matter of time before NTPC emerges as a major player in the Green Hydrogen and Energy Storage domain.
The MoU between the two Maharatna companies was signed in the presence of Mr. Gurdeep Singh (Chief Managing Director at NTPC), Dr. Ranjeet Rath (Chief Managing Director at OIL and Chairman at NRL), and Mr. Bhaskar Jyoti Phukan (Managing Director at NRL).Related Stories
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