NTPC and Its Subsidiary Signs Multiple MoUs with Madhya Pradesh Government

NTPC Ltd., India’s largest integrated power utility, continues to fortify its position as a frontrunner in the nation’s energy transition. Catering to a quarter of India’s power needs, NTPC boasts an impressive installed capacity exceeding 77 GW, with a further 29.5 GW under development, including 9.6 GW dedicated to renewable energy. 

MoU with MP Government 

NTPC and its subsidiary, NTPC Green Energy Ltd. (NGEL), have inked multiple Memorandums of Understanding (MoUs) with the Government of Madhya Pradesh during the prestigious Global Investors Summit held in Bhopal on February 24-25, 2025. 

These agreements encompass a spectrum of renewable energy projects, including solar, wind, pumped hydro, and other carbon-neutral power solutions within the state.

The first MoU between NGEL and MPPGCL aims to develop over 20 GW of renewable energy projects with an estimated ₹1,20,000 crore investment, leading to the formation of a Joint Venture Company (JVC). This partnership will help Madhya Pradesh meet its Renewable Generation Obligation (RGO) and Renewable Purchase Obligation (RPO), strengthening the state’s clean energy portfolio.

The second MoU between NTPC Ltd. and the Government of Madhya Pradesh aims to develop non-fossil fuel power plants with an investment of ₹80,000 crore, formalised through MPPMCL. Additionally, NTPC has committed ₹4,000 crore for an 800 MW Pumped Hydro Storage Project, reinforcing its focus on energy storage and grid stability.

About Agreement 

The MoUs were signed in the esteemed presence of Dr Mohan Yadav, Hon’ble Chief Minister of Madhya Pradesh, alongside Shri Gurdeep Singh, Chairman and Managing Director of NTPC Ltd., and other senior dignitaries from both NTPC and the state government. These landmark agreements signify a monumental leap towards India’s net-zero aspirations, reinforcing NTPC’s pivotal role in the nation’s sustainable energy transition.

Share Price Performance 

At 09:30 AM on February 25, 2025, NTPC Green Energy shares traded 1% up at ₹320.40 per share on the NSE.

Conclusion:

These strategic MoUs mark a significant milestone in NTPC’s commitment to accelerating India’s clean energy transition. By investing in diverse renewable energy projects, NTPC and NGEL are not only strengthening Madhya Pradesh’s sustainable energy landscape but also contributing to the nation’s net-zero ambitions.

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