Latest news with #NTPCGreenEnergyLimited
Time of India
3 days 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
3 days 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.
Time of India
4 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.
Business Upturn
4 days ago
- Business
- Business Upturn
NTPC Green signs MoU with Bihar State Power Generation for renewable energy and battery storage projects
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has entered into a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL) to jointly develop battery energy storage systems and renewable energy projects in Bihar. The agreement is aimed at supporting the state's energy transition and decarbonization efforts. In the exchange filings, the company shared, 'NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL) for development of Battery Energy Storage Projects and Renewable Energy Project for decarbonization and energy transition in the state of Bihar.' The MoU was signed on July 26, 2025, by Sh. Sarit Maheswari, CEO of NGEL and NREL, and Abdesh Kumar Singh, Director (Technical) of BSPGCL. The signing took place in the presence of Bihar's Energy, Planning & Development Minister Bijendra Prasad Yadav and Industries Minister Nitish Mishra, along with Additional Chief Secretary from the Department of Industries, the Secretary of the Department of Energy, and other senior government officials. The collaboration focuses on leveraging renewable energy technologies and battery storage solutions to enhance energy infrastructure in Bihar. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
17-07-2025
- Business
- Business Standard
India's daily thermal power output dips to record 62% low, RE's share rises
India's daily thermal power generation for the first time dipped to a low of 62 per cent on Tuesday, meaning the share of aggregate renewable energy (RE) climbed to 38 per cent. Within RE, the share of core renewables (solar, wind, and biomass, minus hydel and nuclear) has for the first time touched a high of 17 per cent. It had hovered at around 13 per cent for the past five years. The dip in thermal power generation and the rise of RE is not just a record, but it is the clearest evidence that RE generation is well on the way to become a commercially viable business case in India. In no financial year ever has the share of thermal power (essentially coal) dipped to such a low percentage in a 24-hour cycle. The record low happened on Tuesday, according to the daily reports from the Grid Controller of India, the state-run company that manages the national electricity grid of India. Data on national level RE is available only from FY16. The share of thermal power generation dipped through this week: it was 63 per cent on Monday. RE's highest share in FY25 had never crossed 13 per cent. The share of hydel power has averaged 15 per cent in this season and that of nuclear at 3 percent. While the dip in the share of coal has of course been made possible because of the heavy monsoon showers across India, the total demand is not too far below the peak summer levels this year. The aggregate demand for power on July 15 was 216.4 GW (gigawatt). With a slightly higher 220-225 GW range, in the April to June quarter the average generation from coal-based power plants was at least 71 per cent of the total. Aggregate demand for power reached 250 GW in the summer of FY25, but this year the mean has remained near 220GW. It is difficult to predict how the demand for power could pan out in the remaining months since the Indian summer extends even into October at times. But the sharp dip in the share of coal and the rise of RE could soon become a trend. The Union Cabinet on Wednesday raised the upper limit for investments by NTPC Green Energy Limited, without referring back to the government, to Rs 20,000 crore. The sum is more than double its current exemption limit of Rs 7,500 crore. 'The enhanced delegation will facilitate 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,' said a press release by the Press Information Bureau, after the meeting. NTPC plans to generate 60 GW of green power by 2032. NLC, another state-owned company, has also been allowed to make investments of up to Rs 7000 crore in RE without seeking government nod.
