NTPC Green Energy (NGEL) and Mahatma Phule Renewable Energy and Infrastructure Technology have signed an agreement for development of renewable energy power parks and projects.
Rajiv Gupta, Chief Executive Officer, NGEL and Amol Shinde, Chairman and Managing Director, MAHAPREIT signed the MoU in the presence of Shri Jaikumar Srinivasan, Director (Fin & HR), NTPC and other senior officials from NTPC, NGEL and MAHAPREIT.
They will develop grid connected Renewable Energy Park and Projects including Solar, Wind, Hybrid etc. and/or solutions thereof up to 10 GW in the state of Maharashtra.
NTPC Group has plans of 60 GW of RE capacity by the year 2032 and currently it has 3.5 GW of installed RE capacity and 28+ GW under pipeline.
Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) is a subsidiary of Mahatma Phule Backward Class Development Corporation (MPBCDC), a State Public Sector Undertaking under Government of Maharashtra.