• Sat. Feb 4th, 2023

NGEL and HPCL sign MoU for Renewable Energy Business and Green Power for HPCL Refineries and other Business Units

Jan 5, 2023
NTPC Green Energy Ltd. (NGEL) and HPCL sign Memorandum of Understanding- 2

Mumbai: NTPC Green Energy Ltd (NGEL) signed a Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation Ltd (HPCL) on 03-01-2023 in New Delhi for Development of Renewable Energy based Power Projects to tap Business opportunities in RE and supply of 400 MW round the clock renewable power for requirements of HPCL. The MoU was signed by Mr. Neeraj Sharma, Head of Finance, NGEL, and Shri Shuvendu Gupta, Executive Director- BioFuels & Renewables, HPCL.

The MoU was signed in August in the presence of Shri Gurdeep Singh, CMD NTPC, Shri C.K Mondol, Director-Commercial, NTPC, Shri J Srinivasan, Director-Finance, NTPC, Shri Mohit Bhargava, CEO-NGEL, Shri D.K Sharma, Executive Director-CSP&BD, HPCL, Shri Kushal Banerjee-CGM, HPCL and Shri Rajiv Gupta, CGM-NTPC REL.

This MoU marks the first step for NGEL and HPCL to collaborate and cooperate in the field of the development of Renewable Energy projects which shall help HPCL in meeting its Clean Energy Commitments.