ONGC and NTPC Collaborate for Renewable Energy
12 Feb 2024
2 Min Read
CW Team
ONGC, India's leading oil producer, has signed a Memorandum of Understanding (MoU) with NTPC Limited, the country's largest power utility, to collaborate on renewable energy projects. The agreement, inked during India Energy Week, signifies a strategic partnership aimed at advancing India's renewable energy agenda and fostering sustainable development.
Under the MoU, ONGC and NTPC will explore opportunities to jointly develop renewable energy projects, including solar and wind power initiatives. By leveraging their respective expertise and resources, the two companies aim to accelerate the deployment of clean energy solutions and contribute to India's transition towards a low-carbon economy.
The collaboration between ONGC and NTPC reflects the growing importance of renewable energy in India's energy landscape. As the country strives to reduce its dependence on fossil fuels and mitigate the impacts of climate change, partnerships like these play a crucial role in driving innovation and scaling up renewable energy capacity.
Through this partnership, ONGC and NTPC aim to capitalize on the vast potential of renewable resources across the country. By harnessing solar and wind power, they seek to diversify India's energy mix, enhance energy security, and promote sustainable development.
Overall, the MoU between ONGC and NTPC underscores their shared commitment to promoting renewable energy and addressing the challenges of climate change. By collaborating on renewable energy projects, the two companies are poised to make significant contributions towards building a cleaner, greener, and more resilient energy future for India.
ONGC, India's leading oil producer, has signed a Memorandum of Understanding (MoU) with NTPC Limited, the country's largest power utility, to collaborate on renewable energy projects. The agreement, inked during India Energy Week, signifies a strategic partnership aimed at advancing India's renewable energy agenda and fostering sustainable development.
Under the MoU, ONGC and NTPC will explore opportunities to jointly develop renewable energy projects, including solar and wind power initiatives. By leveraging their respective expertise and resources, the two companies aim to accelerate the deployment of clean energy solutions and contribute to India's transition towards a low-carbon economy.
The collaboration between ONGC and NTPC reflects the growing importance of renewable energy in India's energy landscape. As the country strives to reduce its dependence on fossil fuels and mitigate the impacts of climate change, partnerships like these play a crucial role in driving innovation and scaling up renewable energy capacity.
Through this partnership, ONGC and NTPC aim to capitalize on the vast potential of renewable resources across the country. By harnessing solar and wind power, they seek to diversify India's energy mix, enhance energy security, and promote sustainable development.
Overall, the MoU between ONGC and NTPC underscores their shared commitment to promoting renewable energy and addressing the challenges of climate change. By collaborating on renewable energy projects, the two companies are poised to make significant contributions towards building a cleaner, greener, and more resilient energy future for India.
Next Story
Dassault To Build Falcon Jets In India With Reliance
Reliance Infrastructure Ltd’s subsidiary, Reliance Aerostructure, has signed an agreement with France’s Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a “symbol of India’s technological and manufacturing strength�, adding that it aims..
Next Story
INDEA Lays Foundation for India’s First Auto Design School
The Indian School for Design of Automobiles (INDEA), the country’s first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India’s transition from a cost-driven to a quality-led a..
Next Story
Karnataka Launches Global Innovation Hub at Airport City
The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India’s innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..