New Launch25 Feb 2025, 12:56 am
NTPC Group to Invest over Rs 2 Lakh Crore in Madhya Pradesh Renewable Energy Projects
AI Summary
India’s largest integrated energy company, NTPC Limited along with its subsidiary NTPC Green Energy Ltd (NGEL) has signed multiple MoUs with the Govt. of Madhya Pradesh during the Global Investors Summit, being held at Bhopal on 24th-25th February 2025. The agreements include renewable projects based on Solar, Wind, Pump Hydro and other carbon neutral energy sources in the state of Madhya Pradesh. The total investment is estimated to be over Rs 2 Lakh Crore.
Key Highlights
- NTPC and NTPC Green Energy Ltd (NGEL) have signed MoUs with the Govt. of Madhya Pradesh for renewable energy projects worth over Rs 2 Lakh Crore.
- The projects include renewable energy projects based on Solar, Wind, Pump Hydro and other carbon neutral energy sources.
- The agreements include setting up a Joint Venture Company (JVC) to help in mitigating the Renewable Generation Obligation (RGO) of Madhya Pradesh Generating Company and Renewable Purchase Obligation (RPO) of Madhya Pradesh DISCOMs.
- The agreements also include setting up 800 MW of Pumped Hydro Storage Project in the state.
- The MoUs were signed in the presence of the Dr Mohan Yadav, Hon’ble Chief Minister of MP and Shri Gurdeep Singh, CMD, NTPC Ltd.