NTPC Ltd. and Indian Oil signed a memorandum of understanding (MoU) to collaborate in the field of renewable energy and mutually explore opportunities for supply of low carbon/RE RTC captive power.

This is a first-of-its-kind novel initiative by two leading national energy majors of India, to support the country’s commitment to achieve renewable energy targets & reduce greenhouse gas emissions.

NTPC and Indian Oil has come together for generation and storage of renewable energy or other forms of energy, including gas-based power, primarily to cater for Indian Oil refineries or other installations.

NTPC has recently informed that it has commissioned the first part of 80 MW of 160 MW Jetsar Solar PV Project in Rajasthan.