NTPC Green Energy Ltd. (NGEL), a wholly owned subsidiary of NTPC Ltd., has signed a non-binding Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation Ltd (HPCL) for development of renewable energy based power projects to tap business opportunities in renewable energy and supply of 400 MW round the clock renewable power for requirements of HPCL.

The MoU was signed by Neeraj Sharma, Head of Finance, NGEL and Shuvendu Gupta, Executive Director - Bio Fuels & Renewables, HPCL. The MoU was signed in august presence of Gurdeep Singh, CMD, NTPC; C. K. Mondol, Director - Commercial, NTPC; J. Srinivasan, Director-Finance, NTPC; Mohit Bhargava, CEO, NGEL; D. K. Sharma, Executive Director - CSP&BD, HPCL; Kushal Banerjee - CGM, HPCL; and Rajiv Gupta, CGM, NTPC REL.

This MoU marks the first step for NGEL and HPCL to collaborate and cooperate in the field of development of renewable energy projects which shall help HPCL in meeting its clean energy commitments.

Caption: Neeraj Sharma, Head of Finance, NGEL and Shuvendu Gupta, Executive Director- BioFuels & Renewables, HPCL sign MoU for Renewable Energy Business and Green Power for HPCL Refineries and other Business Units