NTPC Green Energy and HPCL sign MoU for Renewable Energy Business and Green Power for HPCL Refineries

On January 3, 2023, in New Delhi, NTPC Green Energy Ltd. (NGEL) and Hindustan Petroleum Corporation Ltd. (HPCL) signed a Memorandum of Understanding (MoU) for the development of renewable energy-based power projects to tap business opportunities in RE and supply HPCL with 400 MW of renewable energy round the clock.

Mr. Neeraj Sharma, Head of Finance at NGEL, and Shri Shuvendu Gupta, Executive Director- BioFuels & Renewables at HPCL, signed the Memorandum of Understanding.

The MoU was signed in august presence of Shri Gurdeep Singh, CMD NTPC, Shri C.K Mondol, Director-Commercial, NTPC, Shri J Srinivasan, Director-Finance, NTPC, Shri Mohit Bhargava, CEO-NGEL, Shri D.K Sharma, Executive Director-CSP&BD, HPCL, Shri Kushal Banerjee-CGM, HPCL and Shri Rajiv Gupta, CGM-NTPC REL.

With the signing of this MoU, NGEL and HPCL have taken the first step in collaborating and working together to develop renewable energy projects that will aid HPCL in fulfilling its clean energy commitments.

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