NGEL Signs MoU with Government of Maharashtra

  • NTPC (National Thermal Power Corporation) Green Energy Limited (NGEL) has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra.
  • For development of Green Hydrogen and derivatives (Green Ammonia, Green Methanol) of up to 1 million Ton capacity per annum, including Pumped Storage Projects of 2 GW and development of renewable energy projects with or without storage up to 5 GW.
  • It’s part of the Government of Maharashtra’s Green Investment Plan.
  • It envisages an investment of approximately ₹ 80, 000 crores.
  • NGEL is a wholly-owned subsidiary of NTPC.
Posted in Current Affairs.