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NTPC signs MoU with ONGC for Renewable Energy Business

Current Context: National Thermal Power Corporation (NTPC) has signed a MoU with Oil and Natural Gas Corporation Limited (ONGC) in order to boost the Renewable Energy Business between the two ventures.
NTPC signs MoU with ONGC for Renewable Energy Business
  • Both the organisation will accelerate the Renewable Energy development and usage field.
  • Both the organisation will setup offshore wind and other Renewable Energy (RE) Projects in India and overseas.
  • They will explore the opportunities in the areas like sustainability, storage, E-mobility and ESG (Environmental, Social and Governance) projects in India as well as abroad.
  • The tie-up will also help ONGC in achieving its aim of adding 10GW of renewable power to its portfolio by 2040.
  • Static Part: 
    • HQ of NTPC: New Delhi
    • Chairman and MD of NTPC: Gurdeep Singh
    • HQ of ONGC: New Delhi
    • Chairman and MD of ONGC: Shashi Shankar

Question: 

Q.1 With whom NTPC signed MoU to boost Renewable Energy Business?
a. ONGC
b. Hindustan Petroleum
c. GAIL
d. Power Grid
NTPC signs MoU with ONGC for Renewable Energy Business NTPC signs MoU with ONGC for Renewable Energy Business Reviewed by Neha Verma on May 23, 2020 Rating: 5

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