Joint Venture9 Jan 2025, 12:05 am
NTPC Green Energy Ltd Incorporates 74:26 Joint Venture - NTPC Rajasthan Green Energy Limited
AI Summary
NTPC Green Energy Limited, a subsidiary of NTPC Limited, has incorporated a 74:26 joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Limited on 08.01.2025. The new company, NTPC Rajasthan Green Energy Limited, is set to operate in the Renewable Energy Sector, with a focus on developing, operating, and maintaining Renewable Energy Parks including UMREPP/ RE Projects and Green Hydrogen / Derivatives in Rajasthan.
Key Highlights
- NTPC Rajasthan Green Energy Limited is a 74:26 joint venture between NTPC Green Energy Limited and Rajasthan Rajya Vidyut Utpadan Nigam Limited.
- The new company is incorporated in India on 08.01.2025.
- The company's primary focus is on the Renewable Energy Sector, specifically developing, operating, and maintaining Renewable Energy Parks and Green Hydrogen / Derivatives in Rajasthan.
- The Ministry of Power, Govt. of India, has forwarded concurrence for the incorporation.
- NGEL holds 74% shares in the new company.