NTPC Green forms 50:50 joint venture with ONGC Green for renewable energy projects
NTPC Green Limited, a wholly owned subsidiary of NTPC Limited on Monday announced a 50:50 Joint Venture of with ONGC Green Limited (OGL), a wholly-owned subsidiary of Oil and Natural Gas Corporation Limited.
ONGC NTPC GREEN PRIVATE LIMITED (ONGPL) will be engaged in exploring and setting up Renewable Energy (RE) projects and assets both through Greenfield development and acquisitions. It will also assess the feasibility and establishment of offshore wind projects, among other related activities.
Further, the JV will explore the opportunities in utilising the renewable energy and setting up of RE Projects/Assets for OGL & NGEL and its affiliate. It will also explore the potential opportunities in the fields of Storage, e-mobility and ESG (Environmental, Social and Governance) compliant projects.
Additionally, it will explore opportunities related to Carbon Credits and Green Credits for moving towards low Carbon transition.
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