NTPC ties up with Indian Oil to collaborate in renewable energy
State-owned power giant NTPC NSE -1.17 % on Friday inked an initial pact with Indian Oil NSE -1.02 % to collaborate in the field of renewable energy.
This is a first-of-its-kind novel initiative by two leading national energy majors of India, to support the country’s commitment to achieving renewable energy targets and reduce greenhouse gas emissions, a statement by NTPC said.
“NTPC Ltd. and Indian Oil signed a memorandum of understanding (MoU) to collaborate in the field of renewable energy and mutually explore opportunities for supply of low carbon/RE RTC (round the clock) captive power,” it said.
