NTPC Subsidiary Signs MoU with Indian Army for Green Projects: Know More
By Malvika Gurung
Investing.com -- India’s largest energy conglomerate NTPC (NS: NTPC ) announced on Tuesday that NTPC Renewable Energy (NTPC REL) has signed a memorandum of understanding (MoU) with the Indian Army.
NTPC Renewable Energy is a step-down subsidiary of NTPC, and the MoU signed with the Indian Army is aimed at implementing green hydrogen projects in army establishments on a Build, Own and Operate (BOO) model.
Through this partnership, Indian Army looks to reduce complex logistics for the generation of power and heat, dependence on fossil fuels and accelerate decarbonization, falling in line with the Prime Minister’s vision of ‘PANCHAMRIT’ and carbon neutral Ladakh.
As per the details of the MoU, there will be a joint identification of potential sites in army establishments for setting up green hydrogen projects to supply electricity in a phased manner.
“The MoU signals an advanced approach for modernization by Indian Army and NTPC’s commitment to serve the nation and assist its decarbonization goals. This agreement is a first of its kind and ushers in a new era of border security backed with energy security for the lines of defence of the country,” said NTPC on March 21.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or