NTPC Green Limited, a wholly owned subsidiary of NTPC Limited, has joined hands with Oil and Natural Gas Corporation (ONGC) to create a new 50:50 joint venture (JV) called ONGC NTPC Green Pvt Ltd.
The primary focus of ONGPL will be on exploring, developing, and managing Renewable Energy (RE) projects, both through Greenfield development and acquisitions. The company will also explore the potential of offshore wind energy projects in India. Additionally, ONGPL aims to harness opportunities in energy storage, e-mobility, and ESG-compliant projects, contributing to the transition towards a low-carbon future. Furthermore, it will look into opportunities related to Carbon and Green Credits.
The newly formed ONGC NTPC Green Pvt Ltd will focus on exploring renewable energy opportunities in the wind, solar, and other green energy sectors. This joint venture leverages the strengths of both NTPC and ONGC.
