NEW DELHI: To realize the green energy and green hydrogen objectives of NTPC, a Joint Venture Agreement (JVA) was signed between NTPC Green Energy Limited (NGEL) and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL), the state-owned power generation company managing thermal and hydroelectric stations in Rajasthan. The agreement was signed on 17th September 2024 in Jaipur, in the presence of the Hon’ble Chief Minister of Rajasthan, Shri Bhajan Lal Sharma.

The JVA was exchanged between Sh. Rajiv Gupta, CEO (NGEL) and Sh. Devendra Shringi, CMD (RVUNL) in the august presence of Sh. Gajendra Singh Khimsar Hon’ble Minister of Medical and Health, Sh. Jogaram Patel Hon’ble Minister of Parliamentary Affairs, Smt. Manju Sharma Member of Parliament, Jaipur, Sh. Alok (IAS) ACS (Energy) and other dignitaries from NGEL and RVUNL.

160 MW out of a total of 320 MW Solar Power Project at Bhainsara, Rajasthan was also dedicated to the nation by the Hon’ble Chief Minister of Rajasthan.

The JV Company will undertake the development of 25 GW of Renewable Energy Projects and 1 MMTPA of Green Hydrogen / Derivatives in the state of Rajasthan.

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The MoU was exchanged between Shri Mohit Bhargava, Chief Executive Officer, NGEL, and Shri Narayan Karad, Deputy Secretary (Energy), GoM in the presence of Hon’ble Chief Minister, Hon’ble Deputy CM, and other senior officials.

The above MoU has been signed as a part of the Green Investment Plan of the Govt of Maharashtra in the next five years and envisages a potential investment of approximately ₹ 80, 000 Crore.

NTPC is in the path of building up an RE capacity of 60 GW by 2032.

NGEL is a wholly-owned subsidiary of NTPC and aims to be the flag bearer of NTPC’s Renewable Energy journey with an operational capacity of over 3.4 GW and 26 GW in the pipeline including 7 GW under implementation.

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