NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Limited, and Maharashtra State Power Generation Company Limited (MAHAGENCO) have formed a joint venture (JV) named MAHAGENCO NTPC Green Energy Private Limited (MNGEPL) to develop renewable energy parks in Maharashtra.
The JV is established as a 50:50 partnership, will focus on developing, operating, and maintaining renewable energy parks under the ultra mega renewable energy power parks scheme.
In November 2024, NGEL and Chhattisgarh State Power Generation Company Ltd. (CSPGCL) signed a Memorandum of Understanding (MoU) to jointly develop renewable energy projects with a total capacity of up to 2,000 MW, with the collaboration including innovative floating solar installations, tapping into Chhattisgarh’s renewable energy potential.
