NTPC Group Signs MoUs Worth INR 2 Lakh Cr with Madhya Pradesh Govt for RE Projects
NTPC and its subsidiary NTPC Green Energy (NGEL) have signed multiple MoUs with the Madhya Pradesh government during the Global Investors Summit 2025 to develop renewable energy projects, including solar, wind, and pumped hydro, with a total investment of over INR 2 lakh crore.
February 25, 2025. By Mrinmoy Dey
The first MoU was signed between NGEL and Madhya Pradesh Power Generating Company (MPPGCL) for setting up renewable energy projects up to 20 GW or more in the state, at an approximate investment of INR 1.2 lakh crore.
This has paved the way for formation of a Joint Venture Company (JVC), which will help in mitigating the Renewable Generation Obligation (RGO) of Madhya Pradesh Generating Company as well as Renewable Purchase Obligation (RPO) of Madhya Pradesh DISCOMs.
The second MOU was signed between NTPC and Government of MP for other sustainable non-fossil fuel power plants at an estimated investment of INR 80,000 Crores. Madhya Pradesh Power Management Company (MPPMCL), has signed this MOU on behalf of the state Govt.
An agreement was also signed between Government of MP and NTPC, pertaining to an intent to invest approximately INR 4,000 crore in setting up 800 MW of pumped hydro storage project in the state.
The MoUs were signed in the presence of Dr. Mohan Yadav, Chief Minister of MP and Gurdeep Singh, CMD, NTPC along with other senior officials of Govt. of MP and NTPC and will play a significant role in promoting sustainable energy solutions while strengthening India’s efforts towards energy transition and Net Zero targets.
NTPC is India's largest integrated power utility, contributing one-fourth of the India’s power requirements and has an installed capacity of over 77 GW, with an additional capacity of 29.5 GW under construction, including 9.6 GW of renewable energy capacity. The company is committed to achieving 60 GW of renewable energy capacity by 2032.
With a diverse portfolio of thermal, hydro, solar, and wind power plants, NTPC is dedicated to delivering reliable, affordable, and sustainable electricity to the nation. The company is committed to adopting best practices, fostering innovation, and embracing clean energy technologies for a greener future.
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