New Delhi: NTPC Green Energy Limited (NGEL) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) signed a Memorandum of Understanding (MoU) in Lucknow recently with an aim to collaborate in the development of renewable energy parks and projects and to facilitate Government of India’s efforts towards energy transition.

The MoU was signed by Mohit Bhargava, CEO, NGEL and Nidhi Kumar Narang, Director, Finance, UPRVUNL in the presence of P Guruprasad, MD, UPRVUNL, Praveen Saxena, Regional Executive Director, NR, of NTPC. VV Sivakumar, GM, NGEL, and other senior officials of NTPC, NGEL and UPRVUNL were also present on the occasion.

The MoU envisages the two organizations to collaborate through setting up of floating and ground mounted Solar Projects in the Rihand reservoir, other water bodies and any available vacant land, development of solar PV Project dedicated for solarisation of Ayodhya city and setting up of Renewable energy Parks and Projects wherever land is made available.

NGEL and UPRVUNL shall jointly work for formation of Joint Venture Company (JVC) to meet the Renewable Generation Obligation, Flexibility in Generation and Scheduling of Thermal/Hydro Power Stations through bundling with Renewable Energy and Energy Storage. /BI/