UP NTPC Green Energy signs MoU with UP Rajya Vidyut Utpadan Nigam to bolster state's renewable energy capacity
Lucknow: NTPC’s green energy arm and the Uttar Pradesh government signed an MoU to collaborate in the development of renewable energy parks and projects and to facilitate the Government of India’s efforts towards energy transition.
The Memorandum of Understanding (MoU) was signed between NTPC Green Energy Limited (NGEL) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) in Lucknow on Wednesday, an official press release said.
The two organizations will collaborate through the setting up of floating and ground mounted Solar Projects in the Rihand reservoir, other water bodies, and any available vacant land, the development of solar PV Projects dedicated to the solarization of Ayodhya city, and the setting up of Renewable energy Parks and Projects wherever land is made available, the press release said.
Further, NGEL and UPRVUNL will jointly work for the formation of a Joint Venture Company (JVC) to meet the Renewable Generation Obligation, Flexibility in Generation and Scheduling of Thermal/Hydro Power Stations through bundling with Renewable Energy and Energy Storage, it added.
NTPC is India’s largest power utility, with a total installed capacity of about 72 GW (including JVs and subsidiaries).
NTPC Green Energy Limited (NGEL) is NTPC’s fully-owned subsidiary to take up Renewable Energy Parks and Projects including development in the areas of Green Hydrogen, Energy Storage Technologies, and Round the Clock RE Power.
UPRVUNL was constituted to set up and operate Power-generating stations in the state of Uttar Pradesh.
At present UPRVUNL is having four Thermal Power Stations within Uttar Pradesh with an installed capacity of 5820 MW and one Thermal Power Station with an installed capacity of 1320 MW under JV with NTPC.
UPRVUNL is in the process of adding a further 3300 MW capacity with supercritical technology on its own and another 1980 MW in a Joint Venture with CPSEs.
At present, UPRVUNL is looking to diversify into renewable energy and energy storage sectors.
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