NGEL agrees with IOCL to build RE projects

NGEL, a wholly owned subsidiary of NTPC, signed a joint venture agreement with IOCL for setting up of renewable energy projects to meet round the clock power requirement of IOCL refineries.

The agreement was signed in the presence of Gurdeep Singh, CMD, NTPC; Shrikant Madhav Vaidya, chairman, IOCL; DK Patel, director (HR), NTPC; UK Bhattacharya, director (projects), NTPC; Jaikumar Srinivasan, director (finance), NTPC; Sukla Mistry, director (R), IOCL.

NTPC has set an ambitious target of building a renewable generation portfolio of 60 GW over the next decade to aggressively pursue its green energy business.