The company has also signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL).
The MoU with BSPGCL is for setting up Battery Energy Storage Projects and Renewable Energy Project for decarbonization and energy transition in Bihar.
The agreement was signed between Sarit Maheswari, CEO (NGEL) and Abdesh Kumar Singh, Director Technical (BSPGCL) in the presence of Minister of Energy, Planning & Development of Government of Bihar Bijendra Prasad Yadav and other senior officials from of state government.
NGEL is an umbrella company for the green business initiatives of NTPC and undertakes projects through organic and inorganic routes and aims to be the flag-bearer of NTPC’s green energy journey to achieve the ambitious target of 60 GW by FY32.
