NTPC Renewable Energy Ltd., (NTPCREL) has recently signed Term Sheet with Greenko ZeroC Pvt. Ltd. (A Greenko Group Company) to supply 1,300 MW round-the-clock RE power for powering Greenko’s upcoming Green Ammonia Plant at Kakinada, India. The agreement between the two companies is one of the world’s single largest contract for supply of round-the-clock renewable supply for an industrial client.
The Term Sheet was signed by Rajiv Gupta, Chief General Manager, NTPC Renewable Energy Ltd., and Mahesh Kolli, Founder and Joint MD, Greenko Group at NTPC office in New Delhi. Mohit Bhargava, CEO (NTPC Renewable Energy Ltd), Anil Chalamalasetty, Founder and MD, Greenko and other senior officials from NTPC REL were also present on the occasion.
Formed on 7th October 2020 NTPC Renewable Energy Ltd. (NTPCREL) is a wholly owned subsidiary of the NTPC Limited (India’s largest Power Utility). NTPCREL has been formed with an objective to accelerate the Renewable Energy growth of the Company and increase the green footprint across country, offshores and overseas.
NTPCREL is taking up large Solar, Wind and Hybrid Projects all over the country and developing Gigawatt scale Renewable Energy Parks and Projects in different states under UMREPP (Ultra Mega Renewable Energy Power Park) scheme of Government of India. In addition to this, Green Hydrogen based Mobility and ESG projects are also being pursued.
Greenko is one of India’s leading Renewable Energy companies, replacing fossil fuels with integrated decarbonized energy and grid assets enabling sustainable and affordable energy.