NTPC signs MoU with ONGC for Renewable Energy Business

Published on May 23, 2020
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

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