NTPC Green Energy and ONGC Green Form 50:50 Joint Venture Company
ONGC NTPC Green Pvt. Ltd. (ONGPL), a 50:50 joint venture between NTPC Green Energy Ltd. and ONGC Green Ltd., has been incorporated to develop renewable energy projects, including offshore wind, storage, and ESG-compliant initiatives.
November 18, 2024. By Mrinmoy Dey
“ONGPL will be engaged in the business of exploring and setting up Renewable Energy (RE) projects and assets both through Greenfield development and acquisitions. ONGPL will also assess the feasibility and establishment of offshore wind projects, among other related activities,” informed NTPC in an exchange filing.
It further detailed that the company will be exploring and setting up of Renewable Energy (RE) Projects/Assets in India and overseas through greenfield development and acquisitions after firming up of the sale of power from various opportunities including TBCB tenders.
The JV company will also explore the feasibility and setting up of offshore wind projects in India. Further, it will explore the opportunities in utilising renewable energy and setting up of RE Projects/Assets for OGL & NGEL and its affiliates.
Other areas in which the JV company will work include harnessing of potential opportunities in the fields of storage, e-mobility and ESG (Environmental, Social and Governance) compliant projects, along with opportunities related to Carbon Credits and Green Credits for moving towards low carbon transition.
please contact: contact@energetica-india.net.
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