NTPC Green Energy inks pact with Indian Oil Corporation for setting up renewable energy projects

NTPC Green Energy Limited (NGEL) has signed a joint venture agreement with Indian Oil Corporation Limited (IOCL) for setting up renewable energy projects to meet round-the-clock power requirement of IOCL refineries.

NTPC Limited, through its wholly owned subsidiary, NGEL, has set an ambitious target of building a renewable generation portfolio of 60 GW over the next decade to aggressively pursue its green energy business. The signing of this joint venture agreement between the two companies will enable NTPC Limited and IOCL to meet the Government of India’s clean energy targets in their respective core businesses.