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| Photo Credit: The Hindu
Public Sector Undertakings (PSU) NTPC Limited and ONGC Limited have announced the formation of a 50:50 Joint Venture Company (JVC) through their green energy subsidiaries NTPC Green Energy Limited and ONGC Green Energy Limited respectively to further promote their interest around renewable and new energy.
“Necessary statutory approvals from DIPAM and NITI Aayog have been obtained. This JVC will venture into various Renewable Energy (RE) and New Energy opportunities including Solar, Wind (Onshore/Offshore), Energy Storage (Pump/Battery), Green molecule (Green Hydrogen, Green Ammonia, Sustainable Aviation Fuel (SAF), Green Methanol), E-mobility, Carbon Credits, Green Credits,” the PSUs said in a statement.
“The JVC will also seek opportunities to acquire renewable energy assets and will also consider participation in upcoming offshore wind tenders in Tamil Nadu and Gujrat,” the statement added.
Published – November 04, 2024 01:17 pm IST