Greenko and NVVN sign MoU for RE power solutions

Greenko Energies has entered into an agreement with NTPC Limited’s wholly owned subsidiary NTPC Vidyut Vyapar Nigam to explore energy storage and renewable energy (RE) power supply solutions.

The objective of the partnership is to explore the possibility of development of renewable energy based round-the-clock, flexible and dispatchable power supply offering based on integration of RE sources and pumped storage projects. Greenko has a total asset base of 6.4 GW including operational and near-term portfolio. Greenko is also developing and building over 40 GWh of pumped hydro storage projects across six states in India. NVVN, holding the highest category Trading License ‘I’ issued by CERC, is a leading power trading company with strong foot prints in the domestic and cross border market.

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