State-owned power giant NTPC arm NTPC Green Energy Ltd (NGEL) on Friday said it has signed an initial pact with Indus Towers Ltd to address the need for pacing green energy objectives and the GoI’s efforts towards carbon neutral economy.
The MoU (Memorandum of Understanding) shall explore joint development of grid-connected renewable energy-based power projects including solar, wind, energy storage etc. and/or solutions thereof, a company statement said.
Indus Towers Ltd (ITL) aims to expand its renewable energy portfolio in a phased manner to Giga Watt (GW) scale capacity, for its business operations spread across the country, as a part of its net zero commitments.
