Mumbai, Feb. 25 -- This MoU establishes a partnership between MPPGCL and NTPC Green Energy in the renewable energy sector. The collaboration aims to develop renewable energy projects, including solar, wind, and hybrid systems (with or without storage), with a total capacity of up to 20 GW or more in Madhya Pradesh.
As part of the agreement, MPPGCL and NGEL will work together to form a Joint Venture Company (JVC) to meet MPPGCL's Renewable Generation Obligation (RGO) and fulfill the Renewable Purchase Obligation (RPO) of the Madhya Pradesh Distribution Companies (DISCOMs).
NTPC Green Energy (NGEL), promoted by 'Maharatna' central public sector enterprise NTPC, is the largest renewable energy (excluding hydro) public sector enterprise in te...