Power Giant PSU, NTPC and subsidiary signs major energy agreements

Government-backed Power Giant PSU, NTPC Limited along with its subsidiary NTPC Green Energy Ltd (NGEL) has signed multiple agreements valued at Rs 96,000 crore with the Government of Chhattisgarh for a major step toward advancing sustainable energy solutions and supporting the Government of India’s energy transition and Net Zero goals.

The agreements launched at the Chhattisgarh Energy Investors Summit-2025 in Raipur, consists of nuclear, pumped hydro, and renewable energy projects utilizing solar, wind, and hybrid sources in the state.

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First Agreement: With an expected investment of Rs. 80,000 crore, NTPC Ltd. and the Government of Chhattisgarh signed the first memorandum of understanding (MoU) for the creation of a 4200 MW nuclear power plant in the state.

Second Agreement: The next MoU, signed between NTPC and Chhattisgarh State Power Generation Company Limited (CSPGCL), describes plans for an investment of about Rs. 5,876 crore in the construction of a 1200 MW pumped hydro storage project in the Sikaser area of Gariyaband district.

A Joint Venture Agreement (JVA) between NGEL and CSPGCL, the third contract, intends to establish renewable energy projects with a capacity of up to 2 GW for an estimated Rs. 10,000 crore. These initiatives will help CSPGCL meet its Renewable Generation Obligation (RGO) as well as its Renewable Purchase Obligation (RPO) for Chhattisgarh's DISCOMs.

The agreements were signed in the presence of Chhattisgarh’s Hon’ble Chief Minister, Shri Vishnu Deo Sai, along with other key state officials, including Chief Secretary Shri Amitabh Jain, Principal Secretary to Chief Minister and Energy Shri Subodh Kumar Singh, and MD of CSPGCL Shri Sanjiv Kumar Katiyar.

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