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Power sector giant NTPC and oil major ONGC announced that they have joined hands to explore opportunities in the field of new and renewable energy. The two companies will form a joint venture through their respective subsidiaries, NTPC said in a statement.
New Delhi. Power sector giant NTPC and oil major ONGC announced that they have joined hands to explore opportunities in the field of new and renewable energy. The two companies will form a joint venture through their respective subsidiaries, NTPC said in a statement. “To further promote their interest in the renewable and new energy sector, NTPC and ONGC have entered into a Joint Venture Company (JVC) through their green energy subsidiaries (NTPC Green Energy Limited and ONGC Green Energy Limited),” the statement said. Have cooperated to make it.
NGEL has also submitted an application to the Ministry of Corporate Affairs for formation of a 50:50 joint venture company with OGL, it said. This joint venture will be based on various renewable energy (RE) and new energy opportunities including solar, wind, energy storage, e-transport, carbon credits and green credits. Will look for opportunities to acquire renewable energy assets. Will also consider participation in upcoming offshore wind tenders in Tamil Nadu and Gujarat.
Disclaimer: Prabhasakshi has not edited this news. This news has been published from PTI-language feed.
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