NTPC Renewable Energy in MoU with Rajasthan for Power Parks

NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC, has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan for the development of a 10 GW Ultra Mega Renewable Energy Power Park in Rajasthan.

The MoU signing ceremony was held on July 1, 2022 in Jaipur in the presence of Rajasthan Energy Minister Bhanwar Singh Bhati. Exchange of signed MoUs Bhaskar A. Sawant, Principal Secretary (Energy), Government of Rajasthan and Mohit Bhargava, Chief Executive Officer, NTPC REL.

NTPC Group has set a target of 60 GW renewable energy capacity by 2032. The MoU is a step towards achieving this goal.

The signing of the MoU is another step towards achieving the renewable capacity addition targets of NTPC. In less than 2 years of its inception, NTPC REL has secured 4 GW renewable energy capacity by bidding in various tenders which are at various stages of implementation. In addition, NTPC REL is developing a UMREPP of 4.75 GW capacity in Rann of Kutch, Gujarat and NTPC REL has also entered into a JV agreement with DVC for development of RE parks and projects.

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