+
NTPC and ONGC partner to expand in renewable energy sector
POWER & RENEWABLE ENERGY

NTPC and ONGC partner to expand in renewable energy sector

Power giant NTPC and oil major ONGC announced a partnership to explore new opportunities in renewable energy. The two companies will form a joint venture through their subsidiaries—NTPC Green Energy Ltd and ONGC Green Energy Ltd—to strengthen their focus on renewable and sustainable energy projects.

NTPC confirmed that NTPC Green Energy Ltd (NGEL) has submitted an application to the Ministry of Corporate Affairs to establish a 50:50 Joint Venture Company with ONGC Green Energy Ltd (OGL).

The new venture will target diverse renewable energy opportunities, including solar, wind, energy storage, e-mobility, carbon credits, and green credits. Additionally, it will pursue acquisitions of renewable energy assets and participate in upcoming offshore wind tenders in Tamil Nadu and Gujarat.

“With their combined expertise and resources, NTPC and ONGC aim to significantly contribute to India’s renewable energy landscape, advancing innovation and promoting environmental stewardship,” the statement read.

(ET)

Power giant NTPC and oil major ONGC announced a partnership to explore new opportunities in renewable energy. The two companies will form a joint venture through their subsidiaries—NTPC Green Energy Ltd and ONGC Green Energy Ltd—to strengthen their focus on renewable and sustainable energy projects. NTPC confirmed that NTPC Green Energy Ltd (NGEL) has submitted an application to the Ministry of Corporate Affairs to establish a 50:50 Joint Venture Company with ONGC Green Energy Ltd (OGL). The new venture will target diverse renewable energy opportunities, including solar, wind, energy storage, e-mobility, carbon credits, and green credits. Additionally, it will pursue acquisitions of renewable energy assets and participate in upcoming offshore wind tenders in Tamil Nadu and Gujarat. “With their combined expertise and resources, NTPC and ONGC aim to significantly contribute to India’s renewable energy landscape, advancing innovation and promoting environmental stewardship,” the statement read. (ET)

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code