NTPC ties up with IndianOil to form JV company

Current Context: NTPC Green Energy Ltd(NGEL), a wholly owned subsidiary of NTPC will form a Joint venture (JV) company to supply RE-RTC power to IndianOil.

• NTPC (National Thermal Power Corporation Ltd) and IndianOil signed an agreement for the formation of a JV company for meeting the power requirements of IndiaOil refineries.
• IndianOil plans to meet the additional power requirements of its refineries using renewable energy (to the tune of 650MV) by December 2024 through this JV.
• NGEL will be an umbrella company for consolidating NTPC's total renewable energy business.
• IndianOil Chairman Shrikant Madhav Vaidya said, " It is indeed a powerful statement, as two fossil fuel giants of the country - IndianOil and NTPC join hands for changing their path towards green energy".
• Static Knowledge:
• NTPC Chairman- Gurpreet Singh
• NTPC headquarters- New Delhi
• NTPC was formed - on 7 November 1975
• IndianOil chairman - Shrikant Madhav Vaidya
• IndianOil headquarters - New Delhi
• IndianOil Corporation was formed - on 30 June 1959

Question:

Q.1 NTPC ties up with which fossil fuel giant to form a JV company to supply RE-RTC Power?
a. IndianOil
b. BPCL
c. HPCL
d. ONGG