NTPC Green Energy Ltd. has signed an agreement with Hindustan Petroleum Corporation Ltd. 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.
"NGEL and HPCL signed a non-binding memorandum of understanding on for development of renewable energy based power projects to tap business opportunities in renewable energy 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 and renewables, HPCL, and other senior officials of both the companies.
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