Energy Stock in focus: NTPC Green Energy signs MoU with Bharat Light and Power Private Limited
The MOU aims to jointly explore the off-take of green hydrogen and its derivatives from NGEL and its affiliates to third parties.
Energy Stock in focus: NTPC Green Energy signs MoU with Bharat Light and Power Private Limited
State-owned NTPC Ltd’s wholly-owned subsidiary, NTPC Green Energy Limited (NGEL), and Bharat Light and Power Private Limited (BLP) signed a Memorandum of Understanding (MoU) on 19.02.2025, to address the need for pacing green energy objectives and the GoI’s efforts towards carbon neutral economy.
The MoU was exchanged between Sh. DMR Panda, Chief General Manager and Head of Hydrogen, NTPC and Sh. T P Chopra, President & Chief Executive Officer (CEO), BLP in the presence of other senior officials from NGEL and BLP on 19th February 2025 at SCOPE Complex, New Delhi.
The MOU aims to jointly explore the off-take of green hydrogen and its derivatives from NGEL and its affiliates to third parties.
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Opportunities for selling captured carbon or biogenic carbon from NGEL will also be in scope. NGEL/or through its Affiliates shall set up infrastructure required for functioning of the green hydrogen project including RE projects and regular operation under B-O-O mode, as a part of the Net Zero commitments.
Shares of the NTPC Green Energy are trading higher by 0.57% at Rs 106.58 with market capitalization standing at Rs 89.82K crore.
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