Siemens inks MoUs with NTPC, TERI for decarbonization

New Delhi, Nov 1 () Siemens on Friday said that it has inked two memoranda of understanding (MoU) with state-run power giant NTPC and The Energy and Resources Institute (TERI) for decarbonisation.
The company has signed MoU with NTPC for reducing the industrial and commercial carbon footprint and bringing down the dependence on hydrocarbons in India, Siemens said in a statement.

According to statement the other MoU with TERI is for enabling energy transitions across the electricity, transport and industrial sectors

It said that the collaboration (with NTPC) is aimed at developing innovative technologies, solutions and techniques to reduce the dependence on Hydrocarbons in India.