MoU20 Apr 2024, 12:16 am
NTPC Green Energy and Indus Towers Sign MoU for Renewable Energy Projects
AI Summary
NTPC Green Energy Limited (NGEL) and Indus Towers Limited (ITL) have signed a Memorandum of Understanding (MoU) to explore the development of grid-connected renewable energy projects. NTPC, India's largest power utility, aims to expand its renewable energy capacity to 60 GW by 2032, while Indus Towers, India's leading provider of passive telecom infrastructure, aims to expand its renewable energy portfolio on a giga-watt scale as part of its net zero commitments.
Key Highlights
- NTPC Green Energy and Indus Towers signed an MoU for joint development of renewable energy projects
- NTPC targets 60 GW of renewable energy capacity by 2032
- Indus Towers plans to expand its renewable energy portfolio to Giga Watt scale
- Both companies will explore projects including Solar, Wind, Energy storage, Green Hydrogen, and Energy Storage Technologies