NTPC Green Energy Partners with MAHAPREIT for 10 GW RE Development
NTPC Green Energy Ltd. has partnered with MAHAPREIT to develop 10 GW of renewable energy projects, primarily in Maharashtra, enhancing India’s sustainable energy initiatives and contributing to its ambitious renewable energy target.
September 26, 2024. By EI News Network
The JVA was signed in Mumbai by Rajiv Gupta, CEO of NGEL, and Bipin Shrimali, Managing Director of MAHAPREIT. This partnership aims to develop an impressive capacity of 10 GW of Renewable Energy Parks and Projects, primarily in Maharashtra, although projects may extend to other states across India.
This collaboration marks a strategic move to bolster India’s renewable energy landscape, aligning with the country's ambitious targets for sustainable energy. Both companies are committed to leveraging their expertise and resources to facilitate the growth of renewable energy infrastructure, contributing to India's transition toward cleaner energy sources.
With the increasing emphasis on renewable energy to combat climate change and enhance energy security, the establishment of this joint venture is poised to play a pivotal role in scaling up renewable energy capacity in the nation.
As India seeks to achieve its goals of significant renewable energy generation, partnerships like the one between NGEL and MAHAPREIT are essential for driving innovation and investment in the sector.
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