During the Global Investors Summit held in Bhopal on 24th-25th February 2025, NTPC Limited and its subsidiary NTPC Green Energy Ltd (NGEL) signed multiple Memorandums of Understanding (MoUs) with the Government of Madhya Pradesh. The MoUs include the development of renewable energy projects based on Solar, Wind, Pump Hydro, and other carbon-neutral energy sources in the state.
The first MoU was signed between NGEL and Madhya Pradesh Power Generating Company Limited (MPPGCL) for setting up Renewable Energy projects up to 20 GW or more in the state, with an estimated investment of Rs. 1,20,000 Crore. This agreement paved the way for the formation of a Joint Venture Company (JVC) to help in meeting the Renewable Generation Obligation (RGO) of Madhya Pradesh Generating Company and Renewable Purchase Obligation (RPO) of Madhya Pradesh DISCOMs.
The second MoU was signed between NTPC Ltd. and the Government of Madhya Pradesh for other sustainable non-fossil fuel power plants with an estimated investment of Rs. 80,000 Crores. Madhya Pradesh Power Management Company Limited (MPPMCL) signed this MoU on behalf of the state government. Additionally, an agreement was signed between the Government of Madhya Pradesh and NTPC for an intent to invest approximately Rs 4,000 Crores in setting up 800 MW of Pumped Hydro Storage Project in the state.
The MoUs were signed in the presence of Dr. Mohan Yadav, the Chief Minister of Madhya Pradesh, and Gurdeep Singh, CMD, NTPC Ltd., along with other senior officials of the Government of Madhya Pradesh and NTPC Ltd. These agreements will play a significant role in promoting sustainable energy solutions and supporting the Government of India’s efforts towards energy transition and Net Zero targets.
NTPC Ltd. is India’s largest integrated power utility, contributing one-fourth of the country’s power requirements with an installed capacity of over 77 GW and an additional 29.5 GW under construction, including 9.6 GW of renewable energy capacity. The company is committed to achieving 60 GW of renewable energy capacity by 2032 and delivering reliable, affordable, and sustainable electricity to the nation through its diverse portfolio of thermal, hydro, solar, and wind power plants. NTPC is dedicated to adopting best practices, fostering innovation, and embracing clean energy technologies for a greener future.
