State-run utility firm NTPC and its inexperienced vitality subsidiary NTPC Inexperienced Vitality (NGEL) through the World Buyers Summit being held at Bhopal on February 24-25, 2025 have signed a number of Memorandum of Understandings (MoUs) with the Madhya Pradesh Authorities.
In yesterday’s commerce, shares of NTPC in a weak market ended with a minimize of 1.79 per cent or Rs 5.85 at Rs 320.1 per share, whereas NTPC Inexperienced Vitality settled considerably decrease at Rs 98.45, down Rs 7.15 or 6.77 per cent apiece on the BSE.
As a part of the varied MoUs, NTPC and its subsidiary will collectively make investments a sum of Rs 2 lakh crore within the state.
Moreover, NTPC Inexperienced Vitality as a part of the take care of Madhya Pradesh Energy Producing Firm Restricted (MPPGCL) will arrange an as much as 20GW renewable vitality venture within the state at an outlay of Rs 1.2 lakh crore.
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This MoU envisages to collaborate within the discipline of Renewable Vitality by organising of Initiatives comprising of Photo voltaic/Wind/Hybrid with or with out storage as much as 20 GW or extra in Madhya Pradesh.
MPPGCL and NGEL shall collectively work for the formation of a Joint Enterprise Firm (JVC) to fulfill the Renewable Era Obligation (RGO) of Madhya Pradesh Producing Firm and Renewable Buy Obligation (RPO) of Madhya Pradesh DISCOMs, added the corporate’s press launch.
