NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL), has signed a Memorandum of Understanding (MoU) with the Goa Energy Development Agency (GEDA) for the development of 300 MW or more renewable energy projects, with or without energy storage, in the state of Goa.

The MoU was formally exchanged on 18 July 2025 between Mr Gauresh Ashok Pilgaonkar, Managing Director of GEDA, and Mr Pushpendra Tyagi, Chief Financial Officer of NTPC REL, in the presence of the Hon’ble Chief Minister of Goa and other senior officials.