NGEL inks pact with Indus Towers for renewable energy projects

Unnati More Apr 20, 2024 0

NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, has signed an initial agreement with Indus Towers Ltd (ITL) to collaborate on developing grid-connected renewable energy projects. These include solar, wind, and energy storage solutions. This move aligns with the Indian government’s push for a carbon-neutral economy.

Under the Memorandum of Understanding (MoU), the two entities will leverage their respective strengths and resources to drive the deployment of renewable energy projects across India. NGEL has an extensive portfolio in power generation, boasting an installed capacity of 3.5 GW. It has ambitious plans for 60 GW of RE (Renewable Energy) capacity by 2032, with 3.5 GW of installed RE capacity and 28 GW under pipeline.

Also Read: Top 10 power companies in India

Indus Towers aims to expand its renewable energy portfolio in a phased manner to Giga Watt (GW) scale capacity, aligning with its net-zero commitments. The collaboration supports India’s commitment to sustainable energy initiatives and carbon neutrality goals. Moreover, it emphasizes the importance of renewable energy in our global transition toward a greener future.

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