Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
NTPC Green Energy Limited (NGEL) and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) signed a Memorandum of Understanding (MoU), with the goal to develop renewable energy projects up to 10 GW in Maharashtra.
Under the presence of Jaikumar Srinivasan, Director (Fin & HR), NTPC, and other senior officials from NTPC, NGEL, and MAHAPREIT, the MoU was signed at the NTPC Corporate Office in New Delhi by Rajiv Gupta, CEO, NGEL, and Amol Shinde, Chairman and Managing Director, MAHAPREIT.
"The MoU envisages the joint development of grid connected Renewable Energy Park and Projects including Solar, Wind, Hybrid etc. and/or solutions thereof up to 10 GW in the state of Maharashtra," according to a statement from NTPC.
NTPC is India's largest power utility with a total installed capacity of over 76 GW. "As part of increasing its renewable energy portfolio, a fully owned subsidiary has been formed as NTPC Green Energy Limited (NGEL)," the statement reads. "We aim for 60 GW of RE capacity by 2032, with 3.5 GW currently installed and over 28 GW in the pipeline," it added.
MAHAPREIT is a subsidiary of Mahatma Phule Backward Class Development Corporation (MPBCDC), a State Public Sector Undertaking under the Government of Maharashtra. "MAHAPREIT's objective is to establish and carry on the business of generating, trading, operating, leasing, and renting renewable power," the statement noted.
Also Read : Vikram Solar gets order to supply 393.9 MWp solar modules Waaree Renewable Technologies gets 980 MWp solar project for ₹991 cr
Swedish energy company Vattenfall reported a decrease in its underlying operating profit for the fou...
Europe 06-Feb-2024
China's National Bureau of Statistics (NBS) announced on July 15 that the country's pig iron, crude...
Ferrous 16-Jul-2024
Maruti Suzuki India expanded its Manesar facility's annual production capacity by one lakh units. Th...
Automobiles 09-Apr-2024
India is planning to build its first commercial crude oil strategic storage as part of efforts to sh...
Oil & Gas 03-Apr-2024
According to a report by the International Energy Agency (IEA) reported, India has surpassed China t...
Automobiles 26-Apr-2024
✅ Steel prices up as safeguard duty fears rise.✅ Potential 15% duty may protect domestic producers...
Business 18-Mar-2025