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Time of India
a day ago
- Business
- Time of India
NTPC Green Energy looks to develop RE, battery energy storage projects in Bihar
State-owned NTPC Green Energy Limited has plans to set up renewable energy and battery energy storage projects (BESS) in Bihar , a move which will increase the company's portfolio and presence in the clean energy space. The company has signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL) to take forward its plans. The MoU with BSPGCL aims for development of Battery Energy Storage Projects and Renewable Energy Project for decarbonisation and energy transition in Bihar, NTPC Green Energy Limited (NGEL) said in a statement on Saturday. The agreement was signed between Sarit Maheswari, CEO (NGEL), and Abdesh Kumar Singh, Director Technical (BSPGCL), in the presence of Minister of Energy, Planning & Development of Government of Bihar Bijendra Prasad Yadav and other senior officials from the state government. NGEL is an umbrella company for the green business initiatives of NTPC and it undertakes projects through organic and inorganic routes and aims to be the flag-bearer of NTPC's green energy journey to achieve the ambitious target of 60 gugawatt (GW) by FY32.
The Print
a day ago
- Business
- The Print
NTPC Green Energy looks to develop RE, battery energy storage projects in Bihar
The MoU with BSPGCL aims for development of Battery Energy Storage Projects and Renewable Energy Project for decarbonisation and energy transition in Bihar, NTPC Green Energy Limited (NGEL) said in a statement on Saturday. The company has signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL) to take forward its plans. New Delhi, Jul 27 (PTI) State-owned NTPC Green Energy Limited has plans to set up renewable energy and battery energy storage projects (BESS) in Bihar, a move which will increase the company's portfolio and presence in the clean energy space. The agreement was signed between Sarit Maheswari, CEO (NGEL), and Abdesh Kumar Singh, Director Technical (BSPGCL), in the presence of Minister of Energy, Planning & Development of Government of Bihar Bijendra Prasad Yadav and other senior officials from the state government. NGEL is an umbrella company for the green business initiatives of NTPC and it undertakes projects through organic and inorganic routes and aims to be the flag-bearer of NTPC's green energy journey to achieve the ambitious target of 60 gugawatt (GW) by FY32. PTI ABI HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hans India
2 days ago
- Business
- Hans India
NTPC Green Energy Ltd inks pact for setting up battery storage projects in Bihar
Government-owned NTPC Green Energy Ltd has inked an MoU with Bihar State Power Generation Company Limited (BSPGCL) to set up renewable energy and battery energy storage projects (BESS) in the state as part of the Centre's policy to reduce the carbon footprint in the country. The agreement was signed between Sarit Maheswari, CEO (NGEL), and Abdesh Kumar Singh, Director Technical (BSPGCL), in the presence of Minister of Energy, Planning and Development, Bihar, Bijendra Prasad Yadav and other senior officials from the state government. The MoU comes close on the heels of NTPC Green Energy Ltd winning a 1,000 MW capacity solar PV power project auction of Uttar Pradesh Power Corporation Limited last month. The company signed a Power Purchase Agreement (PPA) at a discovered tariff of Rs 2.56 per kWh. The Cabinet Committee on Economic Affairs, earlier this month, enhanced the financial powers of NTPC Limited from Rs 7,500 crore to Rs 20,000 crore for Renewable Energy capacity addition. As India's leading power utility, NTPC aims to add 60 GW of Renewable Energy Capacity by 2032, which will help the country move towards its larger aim of having 'Net Zero' emissions by 2070. The enhanced financial powers given to NTPC and NGEL will facilitate the accelerated development of renewable projects in the country. This move will also play a vital role in strengthening power infrastructure and ensuring investment in providing reliable, round-the-clock electricity access across the nation, according to an official statement. Renewable Energy projects will also generate direct and indirect employment opportunities for the local people at the construction stage, as well as during the Operations and Maintenance Stage. This shall provide a boost to local suppliers, local enterprises/ MSMEs and shall encourage the entrepreneurship opportunities within the country, besides promoting employment and socio-economic development of the country, the statement said. India has achieved a landmark in its energy transition journey by reaching 50 per cent of its installed electricity capacity from non-fossil fuel sources - five years ahead of the target set under its Nationally Determined Contributions to the Paris Agreement. The country is aiming to reach 500 GW of non-fossil energy capacity by 2030.
Time of India
2 days ago
- Business
- Time of India
NTPC Green Energy looks to develop renewable energy, battery energy storage projects in Bihar
NTPC Green Energy Limited (NGEL) is planning to establish renewable energy and battery energy storage projects (BESS) in Bihar. NGEL signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL) for the development of these projects. Tired of too many ads? Remove Ads New Delhi: State-owned NTPC Green Energy Limited has plans to set up renewable energy and battery energy storage projects (BESS) in Bihar , a move which will increase the company's portfolio and presence in the clean energy company has signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited ( BSPGCL ) to take forward its MoU with BSPGCL aims for development of Battery Energy Storage Projects and Renewable Energy Project for decarbonisation and energy transition in Bihar, NTPC Green Energy Limited (NGEL) said in a statement on agreement was signed between Sarit Maheswari, CEO (NGEL), and Abdesh Kumar Singh, Director Technical (BSPGCL), in the presence of Minister of Energy, Planning & Development of Government of Bihar Bijendra Prasad Yadav and other senior officials from the state is an umbrella company for the green business initiatives of NTPC and it undertakes projects through organic and inorganic routes and aims to be the flag-bearer of NTPC's green energy journey to achieve the ambitious target of 60 gugawatt (GW) by FY32.
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Business Standard
2 days ago
- Business
- Business Standard
NTPC Green looks to develop RE, battery storage projects in Bihar
The company has signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL) to take forward its plans Press Trust of India New Delhi State-owned NTPC Green Energy Limited has plans to set up renewable energy and battery energy storage projects (BESS) in Bihar, a move which will increase the company's portfolio and presence in the clean energy space. The company has signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL) to take forward its plans. The MoU with BSPGCL aims for development of Battery Energy Storage Projects and Renewable Energy Project for decarbonisation and energy transition in Bihar, NTPC Green Energy Limited (NGEL) said in a statement on Saturday. The agreement was signed between Sarit Maheswari, CEO (NGEL), and Abdesh Kumar Singh, Director Technical (BSPGCL), in the presence of Minister of Energy, Planning & Development of Government of Bihar Bijendra Prasad Yadav and other senior officials from the state government. NGEL is an umbrella company for the green business initiatives of NTPC and it undertakes projects through organic and inorganic routes and aims to be the flag-bearer of NTPC's green energy journey to achieve the ambitious target of 60 gugawatt (GW) by FY32.
