NGEL inks MoU with RVUNL for development of renewable energy and Green Hydrogen projects

NTPC and its renewable energy arm NGEL have each signed a non-binding memorandum of understanding (MoU) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) in Jaipur on March 10. The MoU between NTPC and RVUNL is to explore opportunities for adding supercritical units to the existing Chhabra Thermal Power Plant. Additionally, the parties aim to implement measures to enhance efficiency and reduce the power generation cost of the plant's existing units. The MoU also includes the undertaking of 15-year to 20-year annuity-based Renovation and Modernization (R&M) of old thermal units of RVUNL, by NTPC or its affiliates. The MoU has been signed by NTPC's Executive Director (BD, IBD & Consultancy) R Sarangapani and RVUNL's Chairman and Managing Director (CMD) Devender Shringi. The MoU between NTPC’s renewable energy arm NGEL and RVUNL is for the development of Renewable Energy Projects up to 25 GW capacity and Green Hydrogen Derivatives up to 1 million Tons capacity, both in the state of Rajasthan. The MoU has been signed by NGEL's Chief Executive Officer Rajiv Gupta and RVUNL's Chairman and Managing Director (CMD) Devender Shringi.