Mumbai, Feb. 25 -- The projects include solar, wind, and pumped hydro storage, aiming to bolster India's energy transition and Net Zero targets.

The first MoU was signed between NTPC Green Energy (NGEL) and Madhya Pradesh Power Generating Company (MPPGCL) to set up renewable energy projects of up to 20 GW or more in the state, with an approximate investment of Rs 1,20,000 crore.

This has paved the way for the formation of a Joint Venture Company (JVC), which will help in mitigating the Renewable Generation Obligation (RGO) of Madhya Pradesh Generating Company as well as the Renewable Purchase Obligation (RPO) of Madhya Pradesh DISCOMs.

The second MoU was signed between NTPC and the Government of Madhya Pradesh for other sustainable non...