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NTPC & NGEL inked a MoU with RVUNL for the development of renewable energy & green hydrogen projects

12 Mar 2024

NTPC and NGEL signed two separate non-bindings Memorandum of Understanding (MoU) with RVUNL at a MoU signing ceremony at the Chief Minister's Office in Jaipur, Rajasthan. MoU signed between NTPC & RVUNL to explore opportunities for adding supercritical units to the existing Chhabra Thermal Power Plant. Additionally, the parties aim to implement measures to increase the efficiency of the plant's existing units and reduce production costs. Furthermore, the MoU also includes undertaking a 15-20-year annuity-based Renovation and Modernization (R&M) of old thermal units at RVUNL by NTPC or its partners. The MoU was signed by R. Sarangapani, Executive Director, BD, IBD & Consultancy, NTPC, and Shri Devender Shringi, Chairman and Managing Director, RVUNL.
 
MoU signed between NGEL & RVUNL for the development of renewable energy projects and green hydrogen derivatives up to 25 GW and 1 million tonne capacity, respectively, in the state of Rajasthan. The MoU was signed by Rajiv Gupta, Chief Executive Officer, NGEL, and Devender Shringi, Chairman and Managing Director, RVUNL. The signing ceremony took place in the esteemed presence of Bhajan Lal Sharma, Chief Minister of Rajasthan, R K Singh, Minister of Power and New and Renewable Energy, Govt of India, Pralhad Joshi, Minister of Coal & Mines, Govt of India (both connected virtually), Diya Kumari, Deputy Chief Minister of Rajasthan, Heeralal Nagar, Minister of State for the Energy Department, Government of Rajasthan, Amrit Lal Meena, Secretary Coal, Govt of India, Sudhansh Panth, Chief Secretary of Rajasthan.

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