NTPC and NGEL's Strategic MoUs with RVUNL for Renewable Energy and Thermal Plant Modernization
| Aspect | Details |
|---|---|
| Date of Event | March 10, 2024 |
| Parties Involved | NTPC, NGEL (NTPC's renewable energy arm), Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) |
| Location | Jaipur, Rajasthan |
| Primary Focus | Enhancing efficiency and cost-effectiveness of the Chhabra Thermal Power Plant |
| Renovation and Modernization (R&M) Initiative | - 15 to 20-year annuity-based R&M project for RVUNL's older thermal units - Aim to meet modern efficiency and sustainability standards |
| Renewable Energy Projects | - Target capacity of up to 25 GW - Development of Green Hydrogen Derivatives with a capacity of up to 1 million tons |
| Signing Ceremony | Held at the Chief Minister's Office, Rajasthan Attended by Chief Minister Shri Bhajan Lal Sharma and Union Ministers Event conducted virtually |
| NTPC's Future Vision | Expand non-fossil-based capacity to 45%-50% of its total portfolio by 2032 Addition of 60 GW of renewable energy capacity |