NTPC Green Energy Limited (NGEL) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) signed a Memorandum of Understanding (MoU) in Lucknow with an aim to collaborate for development of renewable energy parks and projects. In addition to this, the MoU aims to facilitate the Government of India’s efforts towards energy transition.
The MoU envisages the two organisations to collaborate through setting up of floating and ground mounted solar projects in the Rihand reservoir, other water bodies and any available vacant land. Also, it emphasises for development of solar PV projects dedicated for solarisation of Ayodhya city and setting up of renewable energy parks and projects wherever land is available.
NGEL and UPRVUNL shall jointly work for formation of joint venture companies to meet the renewable generation obligation, flexibility in generation and scheduling of thermal/hydro power stations through bundling with renewable energy and energy storage.
UPRVUNL was constituted to set up and operate power generating stations in Uttar Pradesh. At present UPRVUNL has four thermal power stations within Uttar Pradesh with an installed capacity of 5,820 MW and one thermal power station with installed capacity of 1,320 MW under joint venture with NTPC. UPRVUNL is in the process of adding further 3,300 MW capacity with super critical technology on its own and another 1,980 MW in joint venture with Central Public Sector Enterprises.
In May 2023, NGEL signed a MoU with HPCL Mittal Energy Limited (HMEL). The MoU envisages collaboration in the field of renewable energy through sourcing of 250 MW renewable energy round the clock to meet the power requirements of HMEL. It further aims to explore opportunities in the green hydrogen business and its derivatives like green ammonia and green methanol.