![NTPC ties up with IndianOil to form JV company NTPC ties up with IndianOil to form JV company](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmTfvS1InNBt35arOt0RR8ubuBDqE4eSsSnRA0Qs008RtmwafsNm_t2AJa-3NrrXoumVGIOGwNGOIK8tOjGHVJKXrLsn2sukncRpjKvFGeko6CIe7n1132QczIw-KBiznqc1PytL8PaRrpC8hL6AhFLP4PM6Z3d1ZXl2DGdvpNT4n6m_xTanrqTfEEmQ/w320-h178-rw/NTPC-IOC-tie-up.jpg)
- 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
a. IndianOil
b. BPCL
c. HPCL
d. ONGG