NTPC Green Energy Limited (NGEL) and Bharat Light and Power Private Limited (BLP) signed a memorandum of understanding (MoU) to accelerate green energy initiatives and support India’s carbon-neutral goals. The MoU focuses on exploring the off-take of green hydrogen and its derivatives from NGEL and its affiliates to third parties.
Additionally, both entities will assess opportunities for selling captured carbon or biogenic carbon from NGEL’s operations. As part of this collaboration, NGEL, either directly or through its affiliates, will establish the necessary infrastructure for green hydrogen production, including renewable energy projects. The company will also manage regular operations under the Build-Own-Operate (BOO) model to fulfil its Net Zero commitments.
In November 2024, NTPC Green Energy Limited and Maharashtra State Power Generation Company Limited formed a 50:50 joint venture, MAHAGENCO NTPC Green Energy Private Limited, to develop, operate, and maintain renewable energy parks in Maharashtra under the ultra mega renewable energy power parks scheme.
