Schedule a Call Back
NTPC, OIL ink MoU for RE & Green initiatives
Industry News- Sep 05,23
The two Maharatna giants, through this MoU, intend to enhance their footprint in Renewable Energy domain and foray into sustainable solutions to advance the efforts towards achieving the nation’s Net-Zero targets.
NTPC, India’s largest power utility having presence across value chain of Power Sector with a total installed capacity of 73,024 MW, and Oil India Limited, a state-owned oil company engaged in the business of exploration, development and production of crude oil and natural gas, have signed a Memorandum of Understanding to explore collaboration in the areas of Renewable Energy, Green Hydrogen and its derivatives, Geothermal and other decarbonisation initiatives. Further, the MoU shall facilitate knowledge and experience sharing on the upcoming Decarbonisation technologies like Carbon Sequestration.
The two Maharatna giants, through this MoU, intend to enhance their footprint in Renewable Energy domain and foray into sustainable solutions to advance the efforts towards achieving the nation’s Net-Zero targets.
The MoU was signed in the presence of Gurdeep Singh, CMD, NTPC and Dr Ranjit Rath, CMD, OIL and their Functional Directors.
NTPC is committed to achieve 60 GW of Renewable Energy capacity by 2032 and be a major player in Green Hydrogen Technology and Energy Storage domain. The company is taking up several initiatives towards decarbonisation such as Hydrogen blending, Carbon Capture & Fuel cell buses among others.
NTPC
Oil India Limited
Maharatna
Gurdeep Singh
Dr Ranjit Rath
Green Hydrogen Technology
Energy Storage
Hydrogen blending
Carbon Capture
Fuel cell
Related Stories
Electrical & Electronics
India set to attract over Rs 80 bn investment in energy sector at IESW 2025
Strengthening the Government of India’s role as a global manufacturing hub, India Energy Storage Week 2025 - hosted by India Energy Storage Alliance (IESA) - will provide a launchpad for multiple ..
Read moreElectrical & Electronics
Leaders expect Rs 4.79 trillion investment in energy storage by 2032: SESI 2025
Over 200 industry leaders, government officials, and 10+ partner countries participated to present their valuable perspectives on energy storage-related government policies, analyses of past and upc..
Read moreAutomation & Robotics
Embracing Digital Transformation
India’s SME manufacturing sector is at a crossroads, poised to embrace digital transformation, sustainable practices, and innovation. However, challenges like legacy systems and skilled labour sho..
Read moreRelated Products
Power Conversion Systems
POWER GENERATION & ENERGY CONSERVATION PRODUCTS
POM Systems & Services Pvt Ltd offers a wide range of
PCS power conversion systems energy storage.
Hot Water Generators
POWER GENERATION & ENERGY CONSERVATION PRODUCTS
Transparent Energy Systems Private Limited offers a wide range of Hot water generators - Aquawarm Superplus.
Scrap Baling Press
POWER GENERATION & ENERGY CONSERVATION PRODUCTS
Fluid Power Machines offers hydraulic scrap baling press. Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
