NTPC Inks Agreement With Rajasthan Rajya Vidyut Utpadan Nigam For Adding Supercritical Units

Jaipur, March 11 (TNA) NTPC and its renewable energy arm NGEL signed a non-binding Memorandum of Understanding (MoU) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) in Jaipur on Sunday. The MoU is to explore opportunities for adding supercritical units to the existing Chhabra Thermal Power Plant. Additionally, the parties aim to implement measures to enhance efficiency and reduce the power generation cost of the plant's existing units.

The MoU also includes the undertaking of 15-year to 20-year annuity-based Renovation and Modernization (R&M) of old thermal units of RVUNL, by NTPC or its affiliates. The MoU was signed by Executive Director, BD, IBD & Consultancy, NTPC, R Sarangapani and Chairman and Managing Director, RVUNL, Devender Shringi.

The MoU between NTPC’s renewable energy arm NGEL and RVUNL is for the development of Renewable Energy Projects up to 25 GW capacity and Green Hydrogen Derivatives up to 1 million Tons capacity, both in the state of Rajasthan. The MoU was signed by Chief Executive Officer, NGEL, Rajiv Gupta and Chairman and Managing Director, RVUNL, Devender Shringi.

The MoUs were signed at a signing ceremony that took place at the Chief Minister’s Office, in the presence of the Chief Minister of Rajasthan, Bhajan Lal Sharma; with the Union Minister for Power and New and Renewable Energy, R. K. Singh and the Union Minister for Coal and Mines Pralhad Joshi attending the event virtually through video-conference.

NTPC Limited is India’s largest integrated power utility with more than 75 GW installed capacity, contributing 25% of India’s total electricity demand. By the year 2032, NTPC is looking to expand its non-fossil-based capacity to 45%-50% of the company’s total portfolio of 130 GW, with 60 GW of renewable energy capacity.