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NTPC, Oil India Ink MoU to Explore Renewable Energy Sector

NTPC and Oil India have signed a memorandum of understanding (MoU) to explore collaborations in the sectors of renewable energy (RE), production of green hydrogen and its derivatives.

 

The partnership intends to pursue geothermal and other decarbonization initiatives. Additionally, the signing of this MoU would advance expertise sharing on emerging decarbonization technologies such as carbon sequestration.

 

NTPC targets to achieve 60 GW of RE installed capacity by 2032 and seeks to become a major player in the green hydrogen technology and energy storage domain.

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